The restricted offer means the dollar amount you are seeking has been blocked and reserved for you. The procurement fee is fully refundable upon funding. There can be no negotiation in regards to this fee. The fee offsets administrative expenses associated with the restricted offer. This fee also demonstrates to the lender that you are serious.
Lender issues a restricted offer.
Acceptance of the offer by the deadline. Receive a forward letter of commitment from the lender. Acceptance of the terms. We request that you do YOUR due diligence as well. Contact the issuer of the restricted offer directly by phone with any questions you have regarding the offer.