Apply Online


Tip from an Underwriter

Posted on March 4th, 2020

First, What's an Underwriter?

The people who evaluate a loan application to determine the risk involved for the lender. Underwriters also analyze the borrower’s creditworthiness and the quality of the property itself. (See here for more mortgage terms)

During a Real Estate deal sometimes there will be a personal items that a buyer may request to be left with the home or a seller may just not want to take with them. 

Usually those items will be added to a part of the contract. 

If so, these items need to be noted as "no value."


Underwriters will see that as a seller concession. 

What kinds of Personal Property are we talking about here?...

Riding Lawnmowers, Extra Flooring, Patio Furniture, Trampolines, Curtains, Water Fountains...

Suggestion: Either leave the personal property out of the contract or note "no value" next to the listed personal property.


There are no comments yet.

There was an error processing your request. Please try again.
Your comment has been submitted. It will be published once it has been reviewed.

Leave a comment