@Anonymous wrote:
We're doing a VA loan for a new construction. We were fully approved through a VA underwriter in May and are scheduled to close August 26 at 9:00am.
So now they got the appraisal back and contacted our insurance agent for the homeowners insurance info. I checked in with the loan processor just to follow up and she said she is waiting on one more thing before submitting our file back to the underwriter for "final approval". Is this really for the "clear to close" and they just call it final approval? yep I'm just nervous because I thought we were done with approvals and just waiting for the house to be done! So of course I'm going to worry about this now.
I hate the mortgage process!
they likely asked for recent paystubs since the other approval from may has expired documents in the file(like recent paystubs).....
you have the term final approval(loan approval).... but clear to close(property conditions also cleared) is an indication that they think there will be no problems from here on out and that they can now order docs to be drawn for closing.
Retired Lender
