Can I get a Maximum Approval?
What you need to know about maximum approvals through Roots & our lending partners.
Yes, absolutely.
I'm gonna use myself as an example. If I want to come in and see if I can get approved for $50,000, what do you have available, right? I've already gotten that pre-approval process done, just like in the stick-built world. It's the same thing. So absolutely, 100%, yes.
The lender would only apply the sales price to their loan.
The above and beyond, we haven't seen a lender yet that is doing what we call like HELOC loans, which would be like home improvement loans, things like that. We haven't seen one.