Loan Approved, conditions satisfied, waiting on clear to close!

[Anonymous]

I could be wrong though. Our loan officer was trying to get us to close in 21 days but too many hiccups with the underwriter forcing us to send in duplicate paperwork and write explanations of silly things. I guess it was a stall because we had everything they asked for within minutes. I'm so happy the process is over but my husband wants to refinance next year so I guess it will start all over.

[mwv813]

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@Anonymous wrote:
I could be wrong though. Our loan officer was trying to get us to close in 21 days but too many hiccups with the underwriter forcing us to send in duplicate paperwork and write explanations of silly things. I guess it was a stall because we had everything they asked for within minutes. I'm so happy the process is over but my husband wants to refinance next year so I guess it will start all over.

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congrats to you!  It has been a nightmare over here.

On the bright side, I just got the Clear to Close

[Anonymous]

So glad you finally got the CTC! I remember reading about your journey in June or July when we STARTED our process. Same issue. Hurdle after hurdle. An now? As of Tuesday it was in final UW a full 5 days. Monday we had another issue. Yesterday the acct manager at the bank called and said it's with upper management. All the conditions have been satisfied but all manually underwritten loans have to be signed off on by upper management. It's moving at a snail's pace. Our file isn't even really that bad. My scores are the problem and tbh, they are mainly driven by 1 thing: 4 student loan lines that came out of forebearance in March and I didn't call soon enough to get them put back in so my scores are suffering from the relatively fresh lates. Other than that, no judgements, no liens, no BK, no prior FC. There are 2 collections showing $0 owed. Mainly just the late pays. We are being punished pretty badly for those.

Congratulations on finally getting through this process! I just can't wait to get there too!

[mwv813]

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@Anonymous wrote:

So glad you finally got the CTC! I remember reading about your journey in June or July when we STARTED our process. Same issue. Hurdle after hurdle. An now? As of Tuesday it was in final UW a full 5 days. Monday we had another issue. Yesterday the acct manager at the bank called and said it's with upper management. All the conditions have been satisfied but all manually underwritten loans have to be signed off on by upper management. It's moving at a snail's pace. Our file isn't even really that bad. My scores are the problem and tbh, they are mainly driven by 1 thing: 4 student loan lines that came out of forebearance in March and I didn't call soon enough to get them put back in so my scores are suffering from the relatively fresh lates. Other than that, no judgements, no liens, no BK, no prior FC. There are 2 collections showing $0 owed. Mainly just the late pays. We are being punished pretty badly for those.

Congratulations on finally getting through this process! I just can't wait to get there too!

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Thanks.  The Balloons don't drop until Friday though...  Until then it's still up in the air.  Lol.

Wow, sounds like a very frustrating experience for you.  Sometimes we get to look back and regret what we did in younger years.  At least you know now and have learned for the future.  It will work out though.  The final UW took us from Wednesday until Tuesday afternoon, so it was a grueling wait time too!

[mwv813]

The Balloons have dropped - we are partying at our HOUSE!!!

Successful closing with nothing popping up unexpectedly last minute

[Anonymous]

Good for you! Congratulations on your new home!!!

[Anonymous]

Congrats on your new house!!!! So happy for you!

[btsilver]

Congrats. We are going through the same thing. Our final condition is getting the HUD-1 of our house sale. Which is taking longer than needed because they were cTC on wednesday. And here we wait.

[Anonymous]

congrats!  we signed the contract back in august and were suposed to close today but now we are delayed till tuesday at the earliest.  now we will have to pay for a whole month of interest at closing!  Just want it to be over.  Our file is with usda just waiting for it to be cleared but they are saying 4 to 10 business days turnaround.   

[Anonymous]

OMG! I just went through a similar situation. My house was a flip house and I used an FHA Loan as well. I finally closed on 10/30 but it was a roller coaster ride! CONGRATS TO YOU!!!!!!!!!!!!!!!!!