What is a Pre-Approval Letter?
A Pre-Approval Letter is a letter from a reputable lender stating your qualification for the necessary financing for the homesite and home. The letter must be written on the lender’s letterhead, dated within the last 90 days, and include the contact information for the lender representative, your name, and the amount that you will be qualified to finance.
Buyers for the Intracoastal homesites must be pre-approved for at least $4 million.
Buyers for the Intracoastal homesites must be pre-approved for at least $4 million.
What is a Verification of Funds Letter?
A Verification of Funds Letter is a letter from a reputable bank, brokerage house or investment management firm stating your ability to pay cash for the homesite and home. The letter must be written on the institution’s letterhead, dated within the last 90 days, and include the contact information of their representative, your name, and a verification that the funds necessary to purchase the homesite and home are available. Buyers for the homesites must receive funds verification for at least $4 million.
What banking institutions are experienced in providing Pre-Approval Letters and financing for custom homes?
While Pre-Approval Letters by any reputable lender will be considered, the following is a list of lenders experienced in financing the purchase of homesites and the construction of custom homes: HERE.
How do I submit a qualification letter for Marsh Harbor?
Your Pre-Approval Letter or Verification of Funds Letter may be submitted via the following link. You will be notified by email once your letter has been reviewed and approved within 3 business days. You will also receive information on how to schedule an appointment to discuss a Marsh Harbor opportunity and to tour the homesites. Submit Letter Here.
