Purchasing a dream home is a big deal. It’s one the most important and valuable life’s decision. Depending on the location you live, there is a proper legal process when it comes to purchase a home. At many place, you may need to submit a one or more character reference letter to attest your character, financial responsibility, and commitment to meeting future mortgage payments.
Character Reference Letter for Home Purchase is a written statement that attest an individual character, good morale, financial stability, etc. Real Estate authority may require a character reference to check whether an individual is a good candidate to purchase a home or not. This type of letter is usually written by boss, teacher, mentor, co-workers, landlords, etc.
Sample Character Reference Letter for Home Purchase
To whom it may concern,
I am writing this letter in support of {Name} who is seeking to purchase a home. I have known {Name} for {number year} as his/her {boss, colleague, mentor, landlord, etc}, and I have found him/her to be reliable, trustworthy, and a responsible citizen.
{Name} has a good job at reputed organization and he/she is very well to do financially. He/she can take care of financial commitments that comes with purchasing a home. I have no doubt that {Name} can take the responsibilities as a homeowner very well.
Apart from the financial stability, {Name} is a person of good morale and character. He/she has been managing personal and professional commitments very well and I’m confident he/she will confidently take up the responsibility of a homeowner.
Buying a home is a next step for {Name} and his/her family and I’m confident they are ready for it. If you require any additional information please feel free to contact me at {your phone number} or {your email address}.
Thank you for your time and consideration.
Sincerely,
{Sender}
Link >>>>> Editable Character Reference for Home Purchase
Important Note: Make sure to customize this letter with specific details relevant to the applicant.
Home Purchase Character Reference Letter Template
Link >>>>> Editable Character Reference for Home Purchase Template
Why a Character Reference is Required for Home Purchase?
In many situations, a character reference letter is required for home purchase in order to check the buyer’s creditworthiness or financial history. Please note it’s not a standard requirement in most home buying processes but an owner may ask for a character reference letter under certain circumstances. Following are some of the reasons for Character Reference in home purchase:
Mortgage Approval
For first time home buyers or buyer with credit issues, it becomes essential to have one or more character references in order to demonstrate their character, reliability, and ability to pay off mortgage payments in a timely manner.
Suitable for Community
The character and social responsibility of a person is valued in many communities. In such cases, a character reference can demonstrate that a buyer will be a good neighbour and contribute for the well being of community.
Self Employed
If you are a self employed or have irregular income then it’s important to get a character reference letter to provide assurance to the seller or lender that a buyer can handle the responsibilities of mortgage and home ownership.
Who can Write Home Purchase Character Reference Letter?
This type of letter is written by someone who knows an individual well enough to speak about his or her character, financial responsibility, and suitability for purchasing a home. Following are some of the individuals who can write such type of letter.
- Employers or Boss
- Friends or Co-Workers
- Previous Landlords
- Community Leader such as Pastor, local leader, etc.
Consider getting a reference letter from these people to strengthen your home purchase application. Use a sample letter and template to write down a character reference letter in minutes without mistakes or errors.
