TBD Loans* — Give Buyers Confidence Without a Future Address

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Buying a home before knowing the exact future address can be challenging. With Orion Lending’s TBD Loans, your buyers can get complete approval upfront—so they know where they stand before the realtor even shows the property.

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Why Choose Orion’s TBD Loans?

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• Full approval before property selection: No surprises later in the process.
• Boost buyer confidence: Help clients move forward with peace of mind.
• $500 Loan Credit: Take advantage of our special credit to save on your TBD loan.

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Make the homebuying journey smoother and faster with Orion Lending’s TBD solutions — because knowing before is the best way forward.

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Why get pre-approved?

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All real estate and mortgage professionals highly recommend that you get pre-approved before beginning the home search. Pre-approval involves a preliminary review of the borrower’s financial documents and credit history to determine the amount of mortgage they are likely to qualify for. After getting pre-approved, the borrower can start the home search, but when they find the property, they will need to provide additional documentation and begin the home loan process. Start the pre-approval process today!

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With a TBD underwritten mortgage approval, all necessary financial documentation (income, assets, credit, etc.) has already been provided and reviewed by underwriting, even though the property details have not been finalized. The underwriter assesses the borrower’s financial situation and issues a conditional approval. The conditional approval includes specific conditions the borrower must meet to finalize the mortgage approval once they choose a property. These conditions may include providing additional documents, verifying employment, and satisfying any outstanding requirements. Once this is done, most of the heavy lifting has been done.

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After Pre-Approval: What Comes Next?

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Once a borrower receives conditional approval, they can continue their home search and choose the property they want to buy. The final underwriting review happens after the borrower selects a property and signs a purchase agreement. At this stage, our underwriting team will:

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• Verify the property’s value through an appraisal
• Confirm the borrower’s financial status still meets lending guidelines

When everything checks out, a “clear to close” is issued—meaning the loan is ready to finalize and the borrower can move forward with the purchase.

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Why Choose a Fully Underwritten TBD Mortgage Approval?

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A fully underwritten TBD approval is more than just a pre-approval—it’s a loan commitment that gives borrowers a significant advantage. It jumpstarts the mortgage process and helps streamline closing once a property is identified. While it may take a bit longer initially compared to a traditional pre-approval or pre-qualification from a loan officer, it results in a far stronger, more reliable approval.

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Who Benefits from TBD Approval?

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TBD approval is ideal for homebuyers who want a head start on the mortgage process or need to compete with cash buyers. By showing sellers they have a fully underwritten loan commitment, buyers demonstrate they are serious and ready to close—helping them stand out in competitive markets.

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