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Conditional Loan Approval

Getting a loan for buying a house can be challenging and intimidating, especially since its result will directly affect your living conditions, dwelling type, sometimes even your new location, and other life aspects.

However, there are numerous instances when a loan is necessary, so you will need to ensure that you understand how it works, what the implications are, and what you need to get one.

In this article, we will tell you what to expect from conditional loan approval, so read on and plan your next move with more information on hand.


What Is a Conditional Loan Approval?

Approval for a conditional loan means that the underwriter is satisfied with the financial documentation you have provided almost entirely, and you meet most of the criteria for being granted a loan or mortgage. The key factor is that there are conditions that are currently pending, and you will get financing when these conditions are met.

Before those conditions are met, your loan is only pre-approved. You will want to move as fast as possible by providing the extra information requested by the lender and get your conditional loan approval, as being late with it can potentially cost you a good deal.

If the loan you have applied for is, indeed, meant to fund a new home purchase, you can also consult your realtor and inform them about the process of getting your approval. The seller will want to know how quickly you would be able to have your loan approved, and will prefer that to a pre-approval, as you already expect.

Most Common Conditions for Getting Your Loan Approved

Examples of the most common conditions you would have to meet for getting a loan include:

Types of Loans You Can Apply for

Loans are also different, and a good mortgage agent will be able to tell you which financial product is your best fit. Depending on the type of loan you get, there are different kinds of regulations, laws, and conditions for approval.

Here are some examples of types of loans you can consider for your home buying:

These are just a few examples of the types of financing you can get for buying a home. Make sure you consult an experienced loan officer who can explain every condition and benefit thoroughly and clearly, and help you choose what’s best for you.

Need a Loan?

If you need a mortgage contact CSMC Mortgage, our team of expert loan officers are ready to hear about your situation and suggest the best fit for you in the current circumstances. We have four branches across the state of California.

You can easily contact us online or via phone and we will be happy to present you with loan and mortgage options that you can afford. We focus our expertise on home buying, helping our clients achieve their dream house for starting a new family, relocating to a more promising area, or retiring.


“This review is about Mark and Darci Richardson from CSMC Mortage in Simi Valley. This team is the BEST! For the past 12 years our home was "underwater" due to the "crash" in 2007, and unable to do anything with the mortgage except pay it. These two kept on top of things and finally the house qualified to REFI. We just completed everything and it closed last week... and they saved us over $900 a month!! That's a huge savings for a couple of senior citizens! We are SO happy now and finally can breathe. Thanks to Mark and Darci and CSMC Mortgage for following through, jumping through all the hoops necessary and helping us out! I can't recommend them more... they are the BEST!!!”

- Shari S.

“David Honda and his team rocked!! They had great technology that took so much of the pain of home buying away. They were attentive to our specific needs and were on top of our loan process! David was always available, even when he was in Hawaii, and super responsive! Thanks David, Melissa and the team for an easy and great home buying experience.”

- Raymond F.

“With this being my first home purchase, my loan officer was very good at explaining everything to me and helping me with all my needs. Thank you for having such great people in the right place!”

- Cathleen H.

“I had the best experience with CSMC Mortgage. Buying a home is very stressful with all of the paperwork that has to be filled out. Faye was amazing! I have given several people her contact info, who are scared to take the step to homeownership. She took ALL of the stress away for me. I honestly, didn’t have to do much. She accommodated my crazy work schedule and help me get things done in a timely manner. She made me feel so comfortable and at ease. There were no surprises when it was time to sign and pay. I highly recommend her to anyone in need of her services and guidance. I can’t thank her enough.”

- Lisa M.

“Faye helped me purchase my first home last year. She was very professional and worked very quickly to help me procure financing. She made herself available around my schedule and took the time to explain my options for financing to help me get the lowest rate possible. Would highly recommend her to anyone looking for someone that is professional, highly knowledgeable, polite, and responsive.”

- James Z.

“CSMC Mortgage took great care of us and our home buying needs. Tony was more than we could have ever asked for, he went above and beyond for us and we couldn’t have been more grateful for all his hard work. CSMC Mortgage has a great and friendly staff, I would highly recommend them to anyone looking into buying a home.”

- Jannet A.

“These folks are conscience and easy to work with. The “calm” as the “storm” of home loans rolls through! I would not use anyone else. They make sure ALL your questions are answered, be that what competitors may have offered, or ads you may have heard or seen. What a pleasure to do business with. Thank you team CSMC.”

- Michael G.

“Baret Grigorian was amazing!! From start to finish Baret was there to help in every way. I never felt like I had to call him to follow up on my loan transaction and he always kept me informed. He was able to get me great financing rates, a lower payment AND money back! Thank you Baret!! I look forward to working with you again in the future!!”

- Kenny D.