clearance letter

Definition

The written results of a termite inspection, provided by a licensed inspector. Mortgages backed by the Department of Veterans Affairs or Federal Housing Administration, along with certain other home loans, cannot progress without this letter.

Use clearance letter in a sentence

You may want to send out a clearance letter so that the other party knows that the time has finally come.

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The newly trained and licensed inspector finally issued a clearance letter and it made everyone happy and glad to know it.

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After I came home from the Army, I bought a house using a mortgage I got through my veterans benefits but needed to get a clearance letter before the sale could go through.

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