@cautioncones wrote:Hoping someone can shed some light on all of this. I found out today I currently am in underwriting for my first FHA loan. Loan is for 143K with 3.5% down. I make upwards of 56K a year and had no problems providing all of my paperwork. The only debt i have is 2 vehicles (9k and 18K), along with some deferred student loans and 1 collections account. My LO said I was at 47%? The home inspection went great and now I am super nervous about something going wrong. Anyone have anything to share or add that may help? Deffinately worried about getting approved as I have heard horror stories about underwriting. I am suppose to be closing by the 27th.
FHA allows higher dti, depending on scores. I am on nerves as well. The overnight app I sent, they told me the wrong amount for the credit check fee. Okay, it's 25, instead of 32. Your U.S. Government at work, they need to send the check back, and I need to send another one. I was told they did not want the property on this app, but they still do underwriting. And, I was told to send in section 8 hap, they would use that. But, NNNOOO. Gotta get Seattle humping between my original hap (king county) and new homeownership voucher (Lincoln county), all in 30 days, with Seattle running behind, then need HUD approval in Lincoln County. After 6 weeks, they kill app and make me start anew (need some serious guide book help here).
And, I am sick with flu. Now, if I can eek out a mortgage with this mess (Lincoln county wants to see the package, and my builder is behind), you got it easy bud/budette. 
