Once your application is approved, you’ll receive a loan approval letter from the lender, which will likely include some conditions such as:
· Supplementary documentation: If you aren’t able to provide credit history, some loan programs may ask you to provide proof of utilities, cable, etc.
· Explanation of irregularities: You may be asked to explain variations in your credit report.
· Verification: You may be asked to verify your employment and income or housing and rental history.
