Mortgage LOX Maker: Property Repair Letter
Make your own Letter of Explanation (LOX) for property repairs. Acknowledge repair needs and confirm completion timeline for mortgage applications. Generate instant PDFs for your lender with digital signature capture.
Your Information
Letter Preview
I, {{borrowerName}}, acknowledge that the property located at {{propertyAddress}} requires repairs noted in the appraisal report.
I intend to complete the repairs below within {{repairTimeline}} of closing.
Repairs To Be Completed:
{{#each repairList}}
- {{this}}
{{/each}}
I have sufficient funds available and will provide contractor estimates as requested.
{{borrowerName}}
{{borrowerEmail}}
{{borrowerPhone}}
Borrower's Signature: {{signature:borrowerSignature}}
Date: {{signatureDate}}
Tips for Success
- Keep explanations brief and factual
- Attach supporting documentation when possible
- Review all information before signing
- Submit within 48 hours of your loan officer's request
Important Reminders
- All information must be truthful and accurate
- False statements may result in loan denial
- Keep copies for your records
- Contact your loan officer with questions
When To Use A Property In Disrepair Letter
Appraisal-Required Repairs
The appraisal identified property deficiencies that must be addressed before closing.
Safety Issue Repairs
The property has safety concerns like electrical, plumbing, or structural issues.
Cosmetic Repairs
The property needs cosmetic updates like paint, flooring, or fixtures.
Roof or Exterior Issues
The property has roofing, siding, or other exterior problems that need attention.
HVAC or Systems Repairs
Heating, cooling, or other major systems need repair or replacement.
Common Scenarios Requiring Multiple Letters
Property Disrepair + Investment Property:
- Use this property disrepair letter to explain property condition
- Use our second home/investment property letter if applicable
- Use our source of funds letter to document repair funds
How to Use This Property In Disrepair Letter Generator
Gather Your Information
Collect all necessary details and supporting documentation before starting the generator.
Complete the Form
Fill out all required fields in the generator. The preview will update in real-time as you type.
Review and Sign
Review your letter for accuracy, add your digital signature, and download the PDF.
Submit to Your Lender
Send the completed letter to your loan officer along with any supporting documentation.
Supporting Documents Your Lender May Need
| Document | What It Tells Your Lender |
|---|---|
| Appraisal report noting deficiencies | Provides additional verification and context for your situation |
| Contractor estimates for repairs | Provides additional verification and context for your situation |
| Repair escrow agreement | Provides additional verification and context for your situation |
| Timeline for completion | Provides additional verification and context for your situation |
| Proof of funds for repairs | Provides additional verification and context for your situation |
Frequently Asked Questions
When will I need a property repair letter?
Your loan officer will request a property repair letter when the appraisal notes deficiencies that must be addressed before or after closing.
What is a repair escrow?
A repair escrow holds funds at closing until repairs are completed, typically within 90-120 days.
How long do I have to complete repairs?
Many lenders allow up to 120 days after closing to complete repairs when using a repair escrow.
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