Verified Buyer Approval

CONFIDENCE IN CLOSING

The Mortgage Gallery understands the importance of having the strongest offer on the table. Our winning Verified Buyer Approval will give you the upper hand to compete with cash buyers in any market. After you have taken these steps with us, we are confident that we will get you to closing on time, with ease, and in as little as 10 days! (*as long as you don’t sabotage our efforts like buying 2 RVs, filing Bankruptcy, running off to Europe etc. You get the picture)

What is Verified Buyer Approval?

Verified Buyer Approval is our highest level of mortgage pre approval and one of the strongest ways to compete when buying a home.

Unlike a basic pre approval, Verified Buyer Approval means your loan is fully reviewed by an underwriter before you make an offer. Income, assets, credit, and debts are all vetted upfront. When you submit an offer, your financing is already approved pending property specific items.

This allows buyers to submit stronger offers, often waive the financing contingency, and compete confidently in competitive housing markets.

For Home Buyers

Why Verified Buyer Approval matters

In today’s housing market, sellers want certainty. They want to know the buyer can close.

With Verified Buyer Approval, your loan has already been conditionally approved by an underwriter. This gives your offer more credibility than a standard pre approval and reduces uncertainty for the seller.

What this means for you

  • Your income, assets, credit, and debts are reviewed upfront
  • Your financing is not a question mark when submitting an offer
  • You can make a stronger, more competitive offer
  • You may be able to waive the financing contingency
  • Closing timelines are often shorter
  • In many cases, closings can happen in as little as 10 days once the property is approved

When you use Verified Buyer Approval to place an offer, and with your permission, our team will personally call the listing agent to explain that you have already been fully vetted and underwritten. This added communication helps your offer stand out and builds confidence with the seller.

For Realtors

Why listing agents trust Verified Buyer Approval

Verified Buyer Approval is not an automated approval or a quick pre approval. It is a full upfront underwriting review.

When an offer is supported by Verified Buyer Approval, you can trust that the buyer has already been carefully reviewed by an underwriter and is prepared to close.

With permission from the buyer and buyer’s agent, we proactively call the listing agent to explain the strength of the approval and answer any questions.

What has already been reviewed

Before the offer is submitted, an underwriter has reviewed:

  • A 100 percent complete loan application
  • All income, including employment verifications and IRS transcripts
  • All credit standards, including fraud checks and credit verifications
  • All assets for source and seasoning, including verified deposits
  • Required post closing reserves
  • Verified monthly debt obligations to ensure appropriate debt ratios

At this stage, the buyer is approved subject only to property specific and final conditions.

What remains for final approval

Final loan approval is subject to:

  • Satisfactory appraisal of the subject property
  • Fully executed purchase contract
  • Preliminary title report
  • Confirmation of no material changes to employment, income, assets, or credit prior to closing
  • Any additional conditions required as part of final loan approval

Because the borrower has already been underwritten, once the property is approved, the loan can move efficiently to closing.

FAQ

This pre-approval is a preliminary determination that the borrower(s) qualifies for a mortgage loan under our lending standards and guidelines. It is subject to the verification of all additional information provided by borrower(s). It is also subject to a satisfactory appraisal of the subject property, a satisfactory title search and a final underwriting decision, among other criteria. If final approval is granted for this loan, the terms, loan amount, and conditions may be different than what is described here. This is not a commitment to lend.

Tennessee Mortgage License (#136757), Alabama Consumer Credit License (#22548), North Carolina Mortgage Lender License (#L 162055), South Carolina-BFI Mortgage Lender / Servicer License (#MLS 330511), Florida Mortgage Lender License (#MLD1484)

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