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1Rate - 12123 Heritage Park Circle, Silver Spring, Maryland 20906 1Rate - 12123 Heritage Park Circle, Silver Spring, Maryland 20906

faq

The most common home loan and mortgage questions

Here are some of the most frequently asked questions regarding mortgages. If none of your questions are here, please contact one of our mortgage advisors.

Frequently Asked Questions

  • What Does Conditional Approval Mean In The Mortgage Process

    Conditional approval means the lender's underwriting team is satisfied with your loan application but needs you to provide additional information before you can be fully approved. Being conditionally approved doesn't mean you're loan is approved. It means the lender is willing to loan you the money if you satisfy their list of conditions.