Your biggest competitive advantage with the priority purchase loan is a pre underwritten file to accompany any offers you are placing on a potential home
We underwrite and approve your income and credit upfront
Your offers will be accompanied by a “Pre-Approval” letter, while competing offers may only be accompanied by a traditional “Pre-Qualification" letter
Your offer will be more likely to get accepted because the seller and their agent know your loan is pre-underwritten and can close quickly and without surprises
You have a more precise idea of how much home you can afford before making an offer
You are empowered during the process and have more control
There is no cost or obligation to participate in this revolutionary program
Top Reasons to Get a Priority Purchase Loan
Huge Competitive Advantage with Home Offers
Fast Loan Process for a Quicker Closing Date
No Cost or Obligation to Participate
While each lender has its own requirements for pre-approval and pre-qualification letters, the following are some common differences:
Loan is reviewed for income, credit and assets by an underwriter before you submit any offers on a home
A Pre-Approval letter is issued by an underwriter after your income, credit, and assets are approved
Traditional lenders will issue you a Pre-Qualification letter without any verification of documents
Not getting your credit and income underwritten upfront can leave many unknown items to be discovered later in the process that can delay your loan from closing
Less attractive from a sellers standpoint because they don’t know what the buyer is eligible to finance
Closing delays due to verification of documents needed before financing contingencies are removed
With a Pre-Approval letter we have already reviewed and qualified your credit, income and assets
The Priority Purchase program, which is only available at Wyndham Capital, allows us to treat your file as if you have already identified a property while you’re still in the process of searching for your next home. By doing so, we are able to get your file in front of an underwriter to review and verify what you are qualified to purchase. When underwriting reviews your income and credit, you’ll be issued a Pre-Approval letter. We want to prove how good we are upfront to earn your business with absolutely no cost or obligation. You have nothing to lose and everything to gain!
To get the pre-approval process started, please fill out the following information and one of our loan officers will contact you shortly. Or simply call us directly at 888.923.9911.
Example scenario: $400,000 loan amount, 80% LTV, 740+ credit score, single-family primary residence in NC. For informational purposes only. Does not constitute an offer to lend. Rates are not guaranteed and are subject to change without notice. Your guaranteed rate will depend on various factors including loan product, loan size, credit profile, property value, geographic location, occupancy and other factors.
priority purchase is better
Know exactly how much you can afford
Your home offers are more likely to be accepted
Receive a Pre-Approval letter not just a Pre-Qualification letter
There is no cost to participate in the priority purchase program
Use this calculator to figure the monthly mortgage payment based on the loan amount, interest rate and length.
The payment shown is an estimate and is for information purposes only. The actual payment amount may vary based on loan product, credit profile, property value, geographic location, occupancy and other factors.
Now that you have the numbers, let's take the next step.