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Updated over 3 years ago on . Most recent reply

James Devoe's profile image
James Devoe's profile image
James Devoe
  • Architect
  • from Wendell, NC
  • Member since Aug 25, 2021
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User Stats

68
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26
Votes
James Devoe's profile image
James Devoe's profile image
James Devoe
  • Architect
  • from Wendell, NC
  • Member since Aug 25, 2021
Connect
James Devoe
  • Architect
  • Wendell, NC
26
Votes |
68
Posts
Starting Out

Offer accepted Documentation needed

James Devoe
  • Architect
  • Wendell, NC
Posted

Hello everyone, 

So I just had my 1st offer accepted, now the seller wants to know how much is the loan you are seeking from their lending institution? Documents to be provided: Loan approval. Prove of funds to close the transaction banks statement.

The problem is, I haven't been approved for any loans yet. I have a low credit score (below 650), so I can't get a traditional mortgage. I've applied to several hard-money lenders and I've been denied by 3 of them. My offer was accepted this past Monday and the seller wants an answer soon. 

Any advice? 

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