Navigating real estate jargon? Uncover all about “active contingent” status in this empowering guide by Pilgrims Mortgage. Discover how we empower home buyers, both new and seasoned, to finance their dream homes with ease.

When navigating the complex world of real estate, home buyers may encounter various terms that can be confusing. One such term is “active contingent.” In this article, we will delve into the meaning of active contingent and explore how Pilgrims Mortgage can assist new or experienced home buyers in financing their dream home.

What is Active Contingent?

Active contingent refers to a status in real estate that indicates a property is currently under contract, but certain conditions must be met before the sale can be finalized. This means that the buyer has made an offer on the property, and the seller has accepted it, but the sale is contingent upon specific requirements being fulfilled. These requirements may include:

• Home inspection
• Financing approval
• Appraisal
• Title search
• Other conditions specified in the contract

If these contingencies are not met, the buyer can walk away from the deal, and the property will go back on the market.

How Pilgrims Mortgage Can Assist

Pilgrims Mortgage is a trusted mortgage lender that understands the intricacies of real estate transactions. Our experienced team can guide home buyers through the process of securing financing, helping them navigate the complexities of active contingency.

Our services include:

• Pre-approval and pre-qualification
• Mortgage loan options (e.g., fixed-rate, adjustable-rate, FHA, VA, USDA)
• Customized financing solutions
• Expert guidance on contingency removal

At Pilgrims Mortgage, we strive to make the home buying process smooth and stress-free. Our team will work closely with you to ensure that your financing is secure, and your dream home is within reach.

Conclusion

Active contingent is a common term in real estate that indicates a property is under contract with conditions that must be met before the sale is final. Pilgrims Mortgage is committed to helping home buyers navigate this process, providing expert guidance and customized financing solutions to make their dream home a reality. Contact us today to learn more about how we can assist in your home buying journey.