We at CTX will do everything we can to get your loan application approved. In some cases, we are not able to approve a loan application because it does not meet our guidelines.

If CTX approves your loan application, then we will give you a verified credit approval letter as a conditional commitment to fund your loan. It is conditional because we may need some additional information or action from you (sometimes called ‘closing conditions’) before we can close your loan. Typical closing conditions are proof of hazard insurance on your home and flood insurance, if the home is in a federal flood zone, and a final inspection or government issues certificate of occupancy to evidence your new Centex Home is complete.

Centex Homes is not obligated to begin the construction phase of your new Centex Home until we have issued a Verified Credit Approval letter.