Dear Home Buyer:

Congratulations! You have been pre-approved for a new home mortgage. Below are the specifications of your approval

§ Loan Type: Conventional

§ Interest Rate: 6.5%

§ Term: 360 months

§ Sales Price: $190,000 (Maximum)

§ Down Payment: 10%

§ Lock-in Period: 45 days

§ Closing Date: 30 days

Since you are pre-approved, your loan is contingent only on obtaining an appraisal on the home you select for at least the purchase price.

Very truly yours,