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Conditional approval!!!

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Wecandoit
Established Member

Conditional approval!!!

This morning we received conditional approval on our loan. The underwriters conditions are super easy:

Last three years of tax returns to verify we are first time homebuyers (we are applying for a first time homebuyer grant of 3000)

Most recent thirty day bank statement

Sign grant application.

 

I've already submitted all the conditions!!! We are so excited that we are reaching the end of this journey. Monday we will have to pre-pay for our first year of insurance and hopefully next week we can set a closing date!! Thank you everyone for your help throughout this process!!

Message 1 of 11
10 REPLIES 10
Epcot
Valued Contributor

Re: Conditional approval!!!

Exciting, Congrats! Smiley Happy

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 849 EX 835 TU 841
Message 2 of 11
JM-AM
Valued Contributor

Re: Conditional approval!!!

Congrats great job
Good Luck
May all your dreams and wishes become a reality!
Message 3 of 11
MovingForward_2012
Valued Contributor

Re: Conditional approval!!!

Congrats! You're almost a homeowner! :-)
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 4 of 11
justjunie928
New Contributor

Re: Conditional approval!!!

Wecandoit..... Yes you can!...... Good news, you are in the 'home' stretch!

Message 5 of 11
DallasLoanGuy
Super Contributor

Re: Conditional approval!!!

congrats, you've earned it

 

Retired Lender
Message 6 of 11
Kozmo
Frequent Contributor

Re: Conditional approval!!!

What state do you live in?
Message 7 of 11
Wecandoit
Established Member

Re: Conditional approval!!!

We live in Michigan.
Message 8 of 11
Kozmo
Frequent Contributor

Re: Conditional approval!!!

Ah me too!


So for the $3,000 grant they ask for 3 years of taxes? This is good to know. We are about to apply. Anything else special they asked you?
Message 9 of 11
Wecandoit
Established Member

Re: Conditional approval!!!

No that was it. Our lender told us we only had to provide the three years of taxes so they could verify that we were not previous homeowners. The only other thing we did was sign and date a one page application and per our lender there are no other qualifications. Income, home price, employment etc. are not factors, you just have to be a first time buyer. Your LO may have a different way of verifying that you are a first time buyer, so you might not even be asked for the taxes. Our LO said the money is dwindling quickly so I'm glad you are moving along in the process too!!
Message 10 of 11
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