Hello,

We look forward to providing you financing options for your loan transaction. In order to provide a pre-approval letter please submit the following items:
• please complete the attached loan application (click here to download)
• year-to-date pay stub showing current annual salary for the past 30 days (if salaried employee)
• 2007 and 2008 W-2's (if salaried employee)
• most current bank statement to verify funds being used for the down payment, closing costs, and to meet reserves required by the lender
• if self employed, the two most recent years of Federal Tax returns (first two pages plus business schedule at a minimum)

We will connect with you within a 48 hour period after thorough review and preliminary qualification. Please do not hesitate to contact my Mortgage Coordinator, Kaarina Jo at 949.467.5121 or kaarina.jo@bankofamerica.com for any questions or concerns.

Thank you again for your interest in this property. We look forward to assisting you with your financial needs.

All the best,

Steven Saucer
Mortgage Loan Officer
Bank of America Home Loans
949.467.5118
866.511.8569 efax
steven.saucer@bankofamerica.com

Please utilize the following items on this list when constructing your offer as these terms are acceptable to the bank and facilitate a smoother process for everyone. In most cases, we are receiving multiple offers and we have found that the banks will work with the highest offer that includes the following items.

All offers must be written on the CAR Residential Purchase Agreement (RPA-CA) dated 11/07 and all offers must include the following at the time the offer is presented to be considered by the bank (the bank is not concerned about any disclosures at the time the offer is presented and we can not sign a Cooperating Broker Agreement until the offer is fully accepted:

1. Pre-Qual Letter or Pre-Approval Letter from a direct lender


2. Copy of the Good Faith Deposit Check


3. FICO scores


4. Proof of Funds

On Page 1 of the RPA-CA, please complete the following:

1. 1D: Escrow period is 30 Days from Acceptance.


2. 2A: Good Faith Deposit is a minimum of 2% of the offer price.


3. 2C: Complete the loan information including interest rate, points, fees and length of loan.


4. 2I: Loan Contingency Period is 15 Days.


5. 2J: Appraisal Contingency Period is 15 Days.


6. 3A: Please occupancy box.

On Page 2, please complete the following (All inspections are buyer costs):

1. 4A-1: Please do not attached a Wood Destroying Pest (WPA) This section is a buyer’s cost and should be indicated as such. Please do not check 4A-2.


2. 4B-3: Please check the buyer’s cost on the Hazards Report.


3. 4C-1&2: Property is sold AS-IS with no retrofit. Please check buyer will make property compliant for the Smoke Detector and Water Heater.


4. 4D-1: Please write the following: Each Party to Pay Their Own Escrow Fees. Escrow is Seller’s Choice of Escrow


5. 4D-2: The Bank will pay for the Title and it is Seller’s Choice on Title


6. 4E-1: This is a Seller’s Cost


7. 4E-2 to 5: These are Buyer’s Cost- Please check accordingly.

On Page 4:

1. 14B: The Buyer’s Inspection Contingency is 10 Days.


2. 14C-4: Please do not change the Notice to Buyer to Perform from 24 Hours

On Page 5:

1. Please have the Buyer’s initial Liquidated Damages.


2. Please DO NOT have them initial Mediation and Arbitration as the bank can not agreement to that item.

All Properties are sold AS-IS and the bank will not make any repairs or offer any credits.

We will do our very best to keep you updated on your offer. Please refrain from calling us; email is the best option for updates.

Thank you,
Charles Brickell