What Does Conditionally Approved Loan Mean?

Answer

A conditionally approved loan would mean that the lender has approved the loan based on the information you've provided, but they need further documentation. For instance, this may mean they are awaiting employment or income verification.
Q&A Related to "What Does Conditionally Approved Loan Mean?"
Employment verifications are conducted to check the validity of an applicant's information. The documented information within the Employment section of a Uniform Residential Loan
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It means just that. You can have the money on the proviso that you meet certain conditions. Like attending the course, using the loan for purpose intended, repayment agreement, your
http://wiki.answers.com/Q/What_does_conditionally_...
A conditionally approved loan is one in which the money must
http://www.chacha.com/question/what-does-it-mean-w...
We are supposed to close on the selling of our home on October 28th. Our buyers still don't have a clear to close from the underwriter. They were issued a conditional approval letter
http://www.city-data.com/forum/mortgages/1407007-w...
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