Subject: Loan Pre-approval
Dear {{applicants_first_name}},
Congratulations! Based on the information you provided, we are pleased to inform you that you have been pre-approved for a loan with Lob Financial. This pre-approval reflects an initial assessment of your financial profile and indicates you meet our preliminary criteria for the loan outlined below.
Congratulations! Based on the information you provided, we are pleased to inform you that you have been pre-approved for a loan with Lob Financial. This pre-approval reflects an initial assessment of your financial profile and indicates you meet our preliminary criteria for the loan outlined below.
- Loan Type: {{loan_type}}
- Preapproved Amount: ${{amount}}
- Estimated Interest Rate: {{rate}}% APR
- Loan Term: {{loan_term}}
- Preapproval Valid Through: {{expiration_date}}
Please note that this letter is not a final loan commitment. In order for final approval to be issued, the following conditions must be satisfied:
Condition 1- Condition 2
- Condition 3
What to submit
Government-issued ID; proof of income (most recent pay stubs or award letter); most recent bank statements; proof of address (utility bill or lease); and any applicable documents for the loan type (purchase agreement, insurance details, or payoff info).
How final approval works
Once your documents are uploaded, our team reviews and verifies them. We may confirm employment or request additional information if anything is unclear. After verification, we’ll issue final terms for you to review and e-sign.
Tips to avoid delays
Upload clear, readable images; make sure names and addresses match across documents; include all pages of statements (even blank ones); and let us know about any recent changes to your income or employer.
We encourage you to move forward by submitting documentation through our secure portal by scanning the QR code below or by contacting our team directly at {{phone}}.
Sincerely,
Lob Financial
Sincerely,
Lob Financial
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