15 Sample Letters of Intent for Mortgage

Getting a mortgage can feel like a big step. You want to make a good first impression with your lender and show them you’re serious about buying a home. A letter of intent helps you do exactly that.

This document gives the lender key details about you as a borrower and the property you want to buy. Writing a good letter can set you apart from other buyers and help move your application forward smoothly. Let’s look at some examples that might help you craft your own perfect letter.

Sample Letters of Intent for Mortgage

Here are fifteen carefully crafted sample letters to help you communicate your intentions to mortgage lenders.

1. Basic Mortgage Intent Letter

To: First National Bank Mortgage Department 123 Finance Street Boston, MA 02108

From: Sarah Johnson 456 Apartment Lane, Apt 203 Boston, MA 02116

April 14, 2025

Subject: Letter of Intent for Residential Mortgage

Dear Mortgage Officer,

This letter serves as my formal intent to apply for a residential mortgage loan with First National Bank for the purchase of a single-family home located at 789 Maple Avenue, Boston, MA 02120, with a purchase price of $450,000.

As a prospective first-time homebuyer with a steady income of $85,000 annually as a software developer at Tech Solutions Inc. for the past five years, I have saved $90,000 for a down payment (20% of the purchase price). My credit score is approximately 760, and I have no significant outstanding debts except for a car loan with a remaining balance of $8,000.

I am seeking a 30-year fixed-rate mortgage and would like to complete the purchase within the next 60 days. The property has been inspected and appraised at $455,000.

Please contact me at your earliest convenience to discuss next steps in the application process.

Thank you for your consideration.

Sincerely,

Sarah Johnson

Phone: (617) 555-1234 Email: sarah.johnson@email.com

2. Letter of Intent for Investment Property Mortgage

To: Community Trust Mortgage Services 456 Financial Plaza Chicago, IL 60601

From: Michael Rodriguez 789 Lake Shore Drive, Unit 14B Chicago, IL 60611

April 14, 2025

Subject: Letter of Intent for Investment Property Mortgage

Dear Loan Officer,

I am writing to express my interest in obtaining a mortgage loan for an investment property located at 123 Rental Avenue, Chicago, IL 60622. The property is a four-unit apartment building priced at $850,000, which I intend to purchase as an addition to my real estate investment portfolio.

As the owner of three other rental properties in the Chicago area, I have a proven track record of successful property management. My current rental income totals $9,500 monthly, and my primary income as the owner of Rodriguez Consulting yields an annual salary of $175,000. My credit score stands at 795, and I have prepared a 25% down payment of $212,500.

The property currently generates $6,200 in monthly rental income, with all units occupied under leases that extend at least 10 months from the expected closing date. A recent property inspection revealed no major structural issues, and the building has been well maintained by the current owner.

I look forward to discussing mortgage options for this investment opportunity and would appreciate your guidance on the most suitable loan products for this type of purchase.

Respectfully,

Michael Rodriguez

Phone: (312) 555-6789 Email: m.rodriguez@rodriguezconsulting.com

3. First-Time Homebuyer Mortgage Intent Letter

To: Hometown Mortgage Associates 789 Main Street Portland, OR 97201

From: Emily Chen and David Park 567 Apartment Court, Apt 12 Portland, OR 97209

April 14, 2025

Subject: First-Time Homebuyer Mortgage Intent

Dear Mortgage Specialist,

We are excited to submit this letter of intent to apply for a first-time homebuyer mortgage for a property located at 456 Cedar Lane, Portland, OR 97212. As newlyweds looking to put down roots in the community where we both grew up, this three-bedroom home priced at $389,000 represents an important milestone for our family.

Together, we have a combined annual income of $120,000. Emily works as a registered nurse at Portland General Hospital ($70,000/year for 6 years), and David is a public school teacher ($50,000/year for 4 years). We have saved $60,000 for a down payment, roughly 15% of the purchase price. Our credit scores are 742 and 756, respectively.

We have completed a first-time homebuyer education course through the Portland Housing Center and may qualify for down payment assistance programs. The only debt we currently carry is David’s student loan balance of $15,000.

We would prefer a 30-year fixed-rate mortgage and hope to take advantage of any first-time homebuyer programs your institution offers. We aim to close on this property within 45-60 days.

Thank you for considering our application. We look forward to working with you to achieve our dream of homeownership.

Warm regards,

Emily Chen and David Park

Phone: (503) 555-4321 Email: emilyandavid@email.com

4. VA Loan Mortgage Intent Letter

To: Veterans Mortgage Alliance 567 Freedom Avenue San Antonio, TX 78215

From: Captain James Wilson (Ret.) 890 Military Road, Apt 305 San Antonio, TX 78234

April 14, 2025

Subject: VA Loan Mortgage Intent for Primary Residence

Dear VA Loan Specialist,

As a retired U.S. Army Captain with 22 years of honorable service, I am submitting this letter of intent to apply for a VA-backed home loan for a property located at 234 Liberty Street, San Antonio, TX 78249. The single-family home is listed at $325,000.

I have obtained my Certificate of Eligibility (COE #VA-123456789) confirming my eligibility for the VA loan benefit. Since retiring from military service two years ago, I have been employed as a defense contractor with Secure Systems Inc., earning an annual salary of $92,000. My credit score is 775, and I have minimal debt consisting of a car payment of $350 monthly with 10 months remaining.

While I understand that a down payment may not be required with a VA loan, I have saved $30,000 that I can put toward the purchase if it would be advantageous. I am looking for a 30-year fixed-rate mortgage with the best terms available to veterans.

The property passed its initial inspection with only minor repairs needed, which the seller has agreed to complete before closing. I aim to close within 45 days and make this my permanent residence.

Thank you for your support of veterans like myself. I look forward to discussing the next steps in the VA loan process.

With respect,

James Wilson, Captain, U.S. Army (Ret.)

Phone: (210) 555-8765 Email: james.wilson@email.com VA File Number: 123-45-6789

5. Mortgage Intent Letter for Self-Employed Applicant

To: Innovation Credit Union Mortgage Department 345 Enterprise Boulevard Seattle, WA 98101

From: Sophia Martinez 678 Creative Lane Seattle, WA 98109

April 14, 2025

Subject: Mortgage Application Intent – Self-Employed Business Owner

Dear Mortgage Officer,

I am writing to express my intent to apply for a residential mortgage loan for a property at 901 Hillside Drive, Seattle, WA 98115, listed at $625,000. As the owner of Bloom Design Studio, a graphic design business I established six years ago, I represent a non-traditional but financially stable mortgage applicant.

My business has shown consistent growth, with average annual profits of $110,000 over the past three years. I have prepared full documentation of my income, including tax returns for the past three years, profit and loss statements, business bank statements, and a letter from my CPA verifying the stability and growth of my company. My personal credit score is 785, and I have maintained separate personal and business finances throughout my self-employment.

I have saved $125,000 for a 20% down payment and have an additional $50,000 in liquid assets. My only current debt is a business line of credit with a $10,000 balance that I use for occasional equipment purchases.

The property I wish to purchase will serve as both my primary residence and include a dedicated home office space that qualifies for business expense deductions. A recent appraisal valued the property at $630,000, and the inspection revealed no significant issues.

I understand that mortgage approval for self-employed individuals often requires additional documentation, and I am prepared to provide whatever information you need to process my application. I am interested in a 25-year fixed-rate mortgage and hope to close within 60 days.

Thank you for considering my application. I look forward to demonstrating that my non-traditional income source is both stable and sufficient for this mortgage.

Best regards,

Sophia Martinez Owner, Bloom Design Studio

Phone: (206) 555-9876 Email: sophia@bloomdesignstudio.com Business Tax ID: 12-3456789

6. Mortgage Refinance Intent Letter

To: Heritage Bank Refinance Department 432 Financial Center Denver, CO 80202

From: Robert and Susan Taylor 765 Mountain View Drive Denver, CO 80209

April 14, 2025

Subject: Intent to Refinance Existing Mortgage

Dear Refinance Specialist,

We are writing to express our interest in refinancing our current mortgage on our primary residence located at 765 Mountain View Drive, Denver, CO 80209. We purchased this property in 2018 with a 30-year fixed-rate mortgage at 4.75% interest through Westland Mortgage Company.

Our original loan amount was $400,000, and our current outstanding balance is approximately $352,000. Based on recent comparable sales in our neighborhood, we believe our home’s current value is around $495,000, giving us roughly 29% equity in the property.

Our financial situation has improved significantly since our initial purchase. Robert received a promotion two years ago, increasing our combined annual income to $165,000. Our credit scores have also improved to 810 and 795, respectively. We have no late payments on our mortgage history and have reduced our other debts to just one car loan with a remaining balance of $12,000.

We are interested in refinancing to a 20-year fixed-rate mortgage to take advantage of lower interest rates while also shortening our loan term. We are not looking to cash out any equity at this time, as our primary goal is to reduce our interest costs and pay off our home sooner.

We understand that you may need recent pay stubs, tax returns, bank statements, and other financial documentation to process our refinance application, and we are prepared to provide these promptly.

Thank you for considering our refinance request. We look forward to discussing our options with you.

Sincerely,

Robert and Susan Taylor

Phone: (303) 555-2345 Email: taylorfamily@email.com Current Loan Number: ML-98765432

7. Construction-to-Permanent Mortgage Intent Letter

To: Builders Financial Mortgage Division 876 Construction Way Austin, TX 78701

From: Daniel and Maria Garcia 543 Rental Street, Apt 7B Austin, TX 78704

April 14, 2025

Subject: Intent to Apply for Construction-to-Permanent Mortgage Loan

Dear Construction Loan Officer,

We are writing to express our intent to apply for a construction-to-permanent mortgage loan for a custom home we plan to build at 234 Hillcrest Road, Austin, TX 78738. We have purchased this lot for $150,000 (paid in full) and have been working with Stellar Home Builders on custom house plans for a 2,800 square foot home with an estimated construction cost of $420,000.

We would like to apply for a construction-to-permanent loan that would cover the building costs and then convert to a standard 30-year fixed-rate mortgage once construction is complete. We anticipate the construction phase to last approximately 10 months.

Our combined annual income is $195,000. Daniel works as an engineering manager at Tech Innovations ($125,000/year for 8 years), and Maria is a healthcare administrator at Austin Medical Center ($70,000/year for 6 years). Our credit scores are 788 and 775, respectively. We have $105,000 (25% of the construction cost) available for a down payment and an additional $40,000 in savings as a reserve for any unexpected costs.

We have minimal existing debt, limited to Maria’s student loan with a remaining balance of $18,000 and one car payment of $450 monthly with 14 months remaining.

Stellar Home Builders has provided a detailed construction timeline and cost breakdown, which we can share with you along with the architectural plans and specifications. All necessary permits have been pre-approved by the county building department.

We would appreciate guidance on your construction loan requirements, including draw schedules, inspection procedures, and the conversion process to a permanent mortgage. We hope to begin construction within 90 days.

Thank you for your consideration. We look forward to discussing this exciting project with you.

Regards,

Daniel and Maria Garcia

Phone: (512) 555-6789 Email: garciabuilds@email.com

8. Jumbo Mortgage Intent Letter

To: Prestige Mortgage Group 987 Luxury Lane San Francisco, CA 94104

From: Jonathan and Elizabeth Chen 654 High Rise Avenue, Unit 1502 San Francisco, CA 94105

April 14, 2025

Subject: Intent to Apply for Jumbo Mortgage

Dear Jumbo Loan Specialist,

We are writing to express our interest in obtaining a jumbo mortgage loan for a property located at 321 Pacific Heights Drive, San Francisco, CA 94115. This luxury single-family home is listed at $2,450,000 and exceeds the conforming loan limits for our area.

As executives in the technology industry, we have a combined annual income of $750,000, with additional yearly bonuses averaging $200,000. Jonathan is the Chief Technology Officer at Future Systems ($400,000 base salary) and Elizabeth is the Vice President of Marketing at Global Tech Solutions ($350,000 base salary). We have both been with our respective companies for over seven years.

We plan to make a down payment of $735,000 (30% of the purchase price). Our credit scores are 815 and 805, respectively. We have substantial liquid assets totaling $1.2 million in addition to our retirement accounts valued at approximately $1.8 million. Our current debt is limited to a car lease payment of $950 monthly.

The property we wish to purchase is a 4,200 square foot home with five bedrooms and four bathrooms, built in 2015 and recently renovated. The property has been appraised at $2,500,000, and the inspection revealed no significant issues.

We are interested in a 30-year fixed-rate jumbo mortgage, though we would consider a 7/1 or 10/1 ARM if the terms are favorable. We hope to close within 45 days and make this our primary residence.

We understand that jumbo mortgages require additional documentation and scrutiny, and we are prepared to provide whatever financial information you need to process our application. We have already assembled our tax returns for the past three years, bank statements, investment portfolio details, and employment verification letters.

Thank you for considering our application. We look forward to working with a financial institution that specializes in high-value properties.

Best regards,

Jonathan and Elizabeth Chen

Phone: (415) 555-8901 Email: chenresidence@email.com

9. FHA Loan Mortgage Intent Letter

To: Community Access Mortgage Services 321 Opportunity Avenue Philadelphia, PA 19103

From: Marcus Johnson 456 City Apartment Boulevard, Apt 12C Philadelphia, PA 19107

April 14, 2025

Subject: Letter of Intent for FHA Mortgage Loan

Dear FHA Loan Officer,

I am writing to express my interest in applying for an FHA-insured mortgage loan for a townhouse located at 789 Urban Street, Philadelphia, PA 19123, priced at $285,000.

As a public service employee working as a city planner for the City of Philadelphia for the past four years, I earn an annual salary of $62,000. My credit score is 680, and I have saved $15,000 for a down payment, which I understand meets the minimum 3.5% requirement for FHA loans. I have an additional $8,000 in savings for closing costs and reserves.

My current monthly debt payments include a car loan ($320) and student loans ($225), totaling $545 per month. I have no credit card debt. My rental history shows on-time payments of $1,400 monthly for the past three years at my current address.

This would be my first home purchase, and I am drawn to the FHA program because of its lower down payment requirements and more flexible credit guidelines. I understand that FHA loans require mortgage insurance premiums, and I have factored these costs into my budget planning.

The property I wish to purchase is a two-bedroom, one-and-a-half-bathroom townhouse in good condition. It appears to meet FHA property standards based on my preliminary research, though I understand a formal FHA appraisal will be required.

I would appreciate your guidance on the FHA application process and any specific requirements I should be aware of. I am hoping to close on this property within 60 days.

Thank you for your consideration. I look forward to taking this important step toward homeownership.

Sincerely,

Marcus Johnson

Phone: (267) 555-3456 Email: marcus.johnson@email.com Social Security Number: XXX-XX-7890

10. Mortgage Intent Letter for Rural Property

To: Countryside Mortgage Lenders 654 Rural Route Boise, ID 83702

From: Thomas and Laura Miller 987 City Street, Apt 5D Boise, ID 83702

April 14, 2025

Subject: Intent to Apply for USDA Rural Development Mortgage

Dear Rural Loan Specialist,

We are writing to express our interest in applying for a USDA Rural Development mortgage loan for a property located at 123 Country Road, Emmett, ID 83617. This 3-bedroom farmhouse on 5 acres is listed at $295,000 and falls within USDA-eligible rural areas according to the program map we consulted.

As a married couple looking to relocate from the city to start a small hobby farm, we are excited about the USDA loan program’s 100% financing option. Our combined annual income is $78,000, which we believe falls within the income limits for this program in Gem County. Thomas works as a remote software support specialist ($45,000/year) and Laura is a virtual elementary school teacher ($33,000/year). We have both been in our current positions for over three years.

Our credit scores are 715 and 730, respectively. We have minimal debt consisting of one car loan with a remaining balance of $8,000 ($300 monthly payment) and student loans totaling $20,000 ($215 monthly payment). We have $20,000 in savings that we can use for closing costs and initial moving expenses.

The property we hope to purchase has been well-maintained, with a recently replaced roof and HVAC system. It includes a small barn and fenced pasture area that would be perfect for our planned small livestock operation. The property has its own well and septic system, both of which appear to be in good working order based on the seller’s disclosure.

We understand that USDA loans have specific property eligibility requirements and income limitations, and we would appreciate your confirmation that we meet these criteria. We are flexible on our closing timeline but would ideally like to complete the purchase before the school year ends in June.

Thank you for considering our application. We look forward to learning more about the USDA loan process and requirements.

Warm regards,

Thomas and Laura Miller

Phone: (208) 555-4567 Email: millerfamily@email.com

11. Mortgage Intent Letter for Condo Purchase

To: Metropolitan Mortgage Services 789 Urban Center Miami, FL 33130

From: Alejandro Diaz 456 Rental Tower, Unit 1703 Miami, FL 33131

April 14, 2025

Subject: Letter of Intent for Condominium Mortgage

Dear Mortgage Loan Officer,

I am writing to express my intent to apply for a mortgage loan for a condominium unit located at 321 Beachfront Avenue, Unit 805, Miami Beach, FL 33139. The property is listed at $425,000 and is part of The Oceanview Condominium Association.

As a marketing executive with Global Brands Inc. for the past six years, I earn an annual salary of $95,000 plus performance bonuses that have averaged $15,000 annually over the last three years. My credit score is 745, and I have saved $85,000 for a 20% down payment. I have an additional $25,000 in readily accessible savings.

My current monthly debt obligations include a car loan ($410) and small credit card balance ($2,000 with minimum payments of $100). I have no student loans or other significant debt. I have been renting in downtown Miami for five years with a perfect payment history.

The condominium I wish to purchase is a two-bedroom, two-bathroom unit in a building constructed in 2010. The monthly HOA fee is $650, which covers building insurance, maintenance of common areas, water, trash removal, and amenities including a pool, fitness center, and 24-hour security. I have reviewed the condo association documents and confirmed that the association has adequate reserves and no special assessments planned.

I understand that condominium purchases often require additional scrutiny regarding the financial health of the association and building insurance coverage. I have confirmed that The Oceanview is FHA-approved and has over 70% owner occupancy.

I am interested in a 30-year fixed-rate mortgage and hope to close within 45-60 days. I would appreciate your guidance on any specific requirements for condominium financing.

Thank you for your consideration. I look forward to working with you on this purchase.

Sincerely,

Alejandro Diaz

Phone: (305) 555-6789 Email: alejandro.diaz@email.com

12. Mortgage Intent Letter for Green Home

To: EcoLoan Mortgage Company 123 Sustainable Street Portland, OR 97204

From: Rachel and Kevin Green 456 Apartment Avenue, Unit 302 Portland, OR 97209

April 14, 2025

Subject: Intent to Apply for Green Home Mortgage

Dear Green Mortgage Specialist,

We are writing to express our interest in your specialized mortgage products for energy-efficient homes. We intend to purchase a newly constructed LEED Platinum-certified home located at 789 Eco Lane, Portland, OR 97219, priced at $550,000.

As environmental scientists committed to sustainable living, we are specifically interested in your Green Home Mortgage program, which we understand offers rate discounts and other incentives for highly energy-efficient properties. This home features solar panels, geothermal heating and cooling, advanced insulation, energy-efficient appliances, and water conservation systems that significantly reduce its environmental footprint.

Our combined annual income is $160,000. Rachel works as an environmental policy analyst at the Northwest Sustainability Institute ($85,000/year for 7 years), and Kevin is a renewable energy consultant at Green Solutions ($75,000/year for 5 years). Our credit scores are 765 and 780, respectively. We have saved $110,000 for a 20% down payment and have an additional $40,000 in liquid assets.

Our current debt is limited to Kevin’s student loan with a remaining balance of $18,000 ($200 monthly payment). We have no other significant debt obligations. We have rented our current apartment for four years with a perfect payment record.

The home builder has provided comprehensive documentation of the property’s green features, including its LEED certification, Energy Star rating, and projected utility savings. The estimated monthly energy costs are 60% lower than comparable conventional homes in the area.

We would appreciate information about any specialized appraisal processes for green homes and how the energy-efficient features will be valued in the mortgage underwriting process. We are looking for a 30-year fixed-rate mortgage and hope to close within 60 days.

Thank you for your consideration. We look forward to working with a lender that values environmental sustainability as much as we do.

Best regards,

Rachel and Kevin Green

Phone: (503) 555-8901 Email: green.family@email.com

13. Mortgage Intent Letter for Second Home

To: Vacation Property Mortgage Group 567 Leisure Lane Scottsdale, AZ 85251

From: William and Patricia Anderson 890 Primary Residence Road Chicago, IL 60611

April 14, 2025

Subject: Intent to Apply for Second Home Mortgage

Dear Second Home Mortgage Specialist,

We are writing to express our intent to apply for a mortgage loan for a vacation property located at 123 Desert View Drive, Scottsdale, AZ 85262. This three-bedroom, two-bathroom single-family home is listed at $575,000 and would serve as our winter residence.

Our primary residence is in Chicago, Illinois, where we have lived for the past 15 years and own our home outright with no existing mortgage. We are seeking financing for this second home in Arizona to escape the harsh Midwest winters and eventually transition to full-time Arizona residents upon retirement in approximately five years.

William is the Chief Financial Officer at Midwest Manufacturing ($210,000/year for 12 years), and Patricia is a pediatrician in private practice ($180,000/year for 18 years). Our combined annual income is $390,000, and our credit scores are 810 and 795, respectively. We plan to make a down payment of $172,500 (30% of the purchase price).

Our current debt obligations are minimal, consisting of one car loan with a remaining balance of $22,000 ($650 monthly payment). We have substantial liquid assets totaling $450,000 in addition to retirement accounts valued at approximately $1.2 million.

The property we wish to purchase is in a gated community with HOA fees of $350 monthly covering community amenities and desert landscaping maintenance. We plan to use the home ourselves for 4-5 months each year and do not intend to rent it out as a short-term rental.

We understand that second home mortgages typically have different requirements and possibly higher interest rates than primary residence loans. We are interested in a 15-year fixed-rate mortgage and hope to close within 45 days.

Thank you for your consideration. We look forward to discussing our options for financing this vacation property.

Sincerely,

William and Patricia Anderson

Phone: (312) 555-2345 Email: andersonfamily@email.com

14. Mortgage Letter for Home Improvement Loan

To: Renovation Financing Division 432 Remodel Road Nashville, TN 37203

From: Brian and Jennifer Wilson 765 Fixer Upper Street Nashville, TN 37206

April 14, 2025

Subject: Intent to Apply for Home Improvement Mortgage Loan

Dear Renovation Loan Officer,

We are writing to express our interest in applying for a home improvement loan for our primary residence located at 765 Fixer Upper Street, Nashville, TN 37206. We purchased this 1940s craftsman bungalow two years ago with a conventional 30-year fixed-rate mortgage through Heritage Bank at 3.75% interest, with a current outstanding balance of approximately $285,000.

We are seeking a renovation loan to finance substantial improvements to our home, including a kitchen remodel, bathroom updates, replacement of outdated electrical and plumbing systems, and an addition of a master suite. We have obtained estimates from three licensed contractors, with the average project cost coming in at $150,000. The property’s current estimated value is $375,000, and our local real estate agent has provided a comparative market analysis suggesting the improvements would increase the value to approximately $525,000.

Our combined annual income is $145,000. Brian works as a music producer at Harmony Studios ($85,000/year for 6 years), and Jennifer is an architect at Urban Design Associates ($60,000/year for 4 years). Our credit scores are 755 and 760, respectively. We have $30,000 in savings that we could contribute to the renovation costs if needed.

Our current monthly debt obligations include our existing mortgage ($1,650), car loan ($380), and Jennifer’s student loans ($220), totaling $2,250 per month. We have no credit card debt or other significant financial obligations.

We have detailed renovation plans and specifications prepared by Jennifer, along with a construction timeline from our preferred contractor estimating 4-5 months for completion. All necessary permits have been pre-approved by the city building department.

We would like to explore options such as a home equity loan, HELOC, cash-out refinance, or FHA 203(k) rehabilitation loan to determine which would be most advantageous for our situation. We understand that renovation loans may require a different approval process, including review of the improvement plans and contractor credentials.

Thank you for considering our application. We look forward to discussing the various financing options for our home improvement project.

Regards,

Brian and Jennifer Wilson

Phone: (615) 555-6789 Email: wilsonrenovation@email.com

15. Mortgage Intent Letter for Multi-Generational Home

To: Family Solutions Mortgage Center 876 Generations Boulevard San Diego, CA 92101

From: The Patel Family (Raj, Maya, and Anil Patel) 543 Current Street, Apt 14 San Diego, CA 92103

April 14, 2025

Subject: Intent to Apply for Multi-Generational Home Mortgage

Dear Family Mortgage Specialist,

We are writing to express our interest in applying for a mortgage for a multi-generational home located at 234 Family Circle, San Diego, CA 92129. This two-story, 3,200-square-foot home with an attached 600-square-foot in-law suite is listed at $875,000 and would accommodate our three-generation family.

Our family situation includes Raj and Maya Patel (mid-40s) and their two children (ages 10 and 12), as well as Raj’s father, Anil Patel (age 68). We currently live in separate rentals but wish to combine households for both cultural reasons and practical caregiving arrangements as Anil ages. The property we are interested in features a main house with four bedrooms and three bathrooms, plus a separate in-law suite with its own entrance, bedroom, bathroom, kitchenette, and living area.

The family’s financial situation is as follows:

– Raj works as a hospital administrator ($110,000/year for 9 years) – Maya is a software engineer ($95,000/year for 12 years) – Anil receives Social Security benefits ($24,000/year) and has a pension ($18,000/year)

Our combined annual income is $247,000, and our credit scores are 790 (Raj), 775 (Maya), and 800 (Anil). We plan to make a down payment of $175,000 (20% of the purchase price), with contributions from all adult family members. Anil will also be contributing $150,000 from the sale of his previous home in another state, which will be used to build additional accessibility features into the property.

Our current debt obligations include one car loan ($420 monthly) and Maya’s student loan ($180 monthly). We have liquid assets of $230,000 in addition to retirement accounts valued at approximately $450,000.

We understand that multi-generational mortgages may have special considerations, particularly when including income from a senior family member. We would like to explore whether a standard conventional mortgage with all adults as co-borrowers would be most appropriate, or if another mortgage product might better suit our situation.

The property has been well-maintained and recently renovated to accommodate multi-generational living. We hope to close within 60 days and would appreciate your guidance on the most suitable financing options for our family structure.

Thank you for your consideration. We look forward to discussing our unique family situation and mortgage needs with you.

Warm regards,

The Patel Family Raj, Maya, and Anil Patel

Phone: (619) 555-0123 Email: patelfamily@email.com

Wrap-up: Sample Letters for Mortgage Intent