What types of financing will banks accept?
Banks will generally review your offer in its entirety with any type of financing. Credits requested will be considered, but be sure that your lender will allow the requested credit. Down payment assistance is typically not offered by these banks. Certain banks may require that you finance the purchase through their lending department as a condition of the offer or may simply require that you are pre-approved through their lending department. Are there any special forms that should accompany my offer? Yes, typically the bank will require a pre-approval letter and proof of down payment or purchase funds(usually in the form of a bank statement). In addition, many banks have specific purchase addendums or disclosure forms which they require buyers to sign so be prepared to complete extra paperwork. Also, keep in mind that banks will not consider emotonal letters as part of your offer. How does the bank respond to multiple offers? Each bank may handle this situation differently. However, t
