Value of Using a Cover Letter With Your Home Offer

There are several potential elements that might be important to a home offer you make, from the dollar amount involved to a few others. One of these that’s considered optional, but may play a big role in your offer being considered by a seller, is your use of a cover letter.

At Altius Mortgage and our partners at Mortgage Ogden, we’re happy to offer a variety of home loan options, plus assistance to our clients with all the ins and outs of making an offer to a seller. Here’s a primer on why it’s often beneficial to include a cover letter, plus what you should be including.

What is a Home Offer Cover Letter?

A home offer cover letter is a document that you can include with your mortgage offer. This is optional, but can have a big impact on your mortgage offer’s chances of being accepted. You’ll want to include information about the mortgage loan you’re applying for and why it’s a good mortgage offer for the seller.

However, cover letters may also contain personal anecdotes or information that helps the seller get to know you.

A Cover Letter Helps the Seller Understand Your Perspective

A home offer cover letter can help a mortgage offer stand out to the seller. The mortgage offer helps them focus on one mortgage, so they better understand why it should be accepted over another mortgage. The home offer cover letter includes information on your mortgage loan and why it is a good mortgage for the seller.

Adding a mortgage offer cover letter is easiest when you use mortgage pre-approval service from one of our lenders. The mortgage approval service can help buyers show sellers what makes their mortgage loan a good mortgage loan to consider. When there are multiple offers on a home mortgage, sellers usually select a mortgage loan that stands out over the others.

Elements to Include in a Home Offer Cover Letter

The mortgage offer cover letter should include the following elements:

  • Mortgage loan details, including mortgage rate, down payment, and length of mortgage.
  • Mortgage approval service details, including mortgage product and mortgage protection features.
  • Personal anecdotes or other details on why the seller is interested in the home, such as their plans for the future or remodeling potential.
  • Details on closing elements or others that might matter to the seller, such as the ability to close on the home quickly if the seller needs an expedited process (this will vary based on seller need).

For more on why writing a cover letter for your home offer may improve its chances of being accepted, or to learn about any of our home loan services or mortgage rates, speak to the staff at Altius Mortgage today.



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