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Approved via Automated Underwriting

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Anonymous
Not applicable

Approved via Automated Underwriting

It has been 4 weeks now since we have submitted contact on new home, mortgage application, W2's, tax documents, bank statements, LOE, etc. Last week had to submit a few more documents (earnest money receipt, spouse SSN for community property state) and today we found out we were approved via automated underwriting for VA loan.

We can't get appraisal until next month when the house is finished so that is something we can't do right now but what are our next steps? Are our chances good at this point?

1 REPLY 1
dragontears
Senior Contributor

Re: Approved via Automated Underwriting

My understanding is getting automated underwriting approval is a good thing, don't think there is much more for you to do until you get the appraisal and the actual underwriter gets your file.

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