Buyer's Financial Information Form in PA
Considering buying a duplex in Philadelphia, PA and went through the financial requirements with a lender and was approved, but now the Realtor and Seller wants me to fill out a BFI form. Is that a requirement in PA?
Most Popular Reply
The vast majority of sellers & listing agents will require it so that they know you can afford to purchase the property and aren't wasting their time. Just because you are able to get a pre-qual / pre-approval from a bank does not mean you will make it through the bank's underwriting process. Assuming you are working with a buyer's agent, they should have had you fill this out before you even started looking for a property.