Offer Letters

OHn provides 3 different types of offer letters

Pre-Qualified

A Pre-Qualified letter is the easiest to obtain as we will not collect any documents to verify your income, assets or anything else except for your credit score. These letters are good if you need something very quickly or you are not placing an offer in a competitive market. Someone selling their home and/or their real estate agent will know that your income and assets have not been verified when you provide a Pre-Qualified letter.

Pre-Approved

A Pre-Approval letter shows a seller that your income, assets and other information have been verified. We’ll look at things like your paystubs, tax return and bank statements to give you more certainty about what you qualify for and also show a seller that your well qualified. We always recommend getting pre-approved as a minimum.

Pre-Approved with Underwriter Review

Pre-Approved with Underwriter Review means that at a minimum your income documentation has been reviewed by an actual underwriter either electronically, verbally or through file submission. For more information about why an underwriter review makes your offer as strong as possible, read our brief history of offer letters below.