Regular Contributor
Chbraswell
Posts: 191
Registered: ‎07-02-2012
Re: wells fargo pre approved then denied by underwriter 5 months old kid nowhere to go

I am in a similar situation sans the child.  I was preapproved by wells and it all looked good, then whamed! denied. The u/w didnt feel comfortable approving the loan.  So now i am with two different brokers who are looking at it. I'll miss my original closing date.  But hoping it will be completed by the 2nd week of October.   I would say try a  broker as they may have less overlays than big banks have. 

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500