Frequent Contributor
birjest
Posts: 351
Registered: ‎09-23-2011
Approved with Conditions....NERVOUS!!!!!

Ok, I was approved with conditions on AUG 27th.  I submitted all of my conditions early Friday.  The builder and the mortgage company submitted theirs Thursday.  Mortgage company called USAA informing them to have the coverage to start 05 SEPT.   I am doing a final walk-thru tomorrow morning.  Well, I called today, and was told that the file is still in u/w and it may take a day or 2.  I am a bit nervous because we are in a hotel (since Friday) and I do not know when we are going to close.  Am I over-reacting, or is my wife getting me frazzle up???  Someone help me!!!

11/15/13 EX 685(MY FICO) EQ 657(MY FICO) TU 659 (MY FICO).
Established Member
lillygooch4
Posts: 18
Registered: ‎01-29-2012
Re: Approved with Conditions..NERVOUS!!!!!

Hello just wondering how your closing ended up going. I to have a similar situation was approved with conditions and I am supposed to close 11/29 but am waiting for U/W to the final approval. If you meet the conditions is it safe to say you are going to be approved? Im a nervous reck! Thanks in advance for sharing.

Frequent Contributor
birjest
Posts: 351
Registered: ‎09-23-2011
Re: Approved with Conditions.NERVOUS!!!!!

Well, we did closed on our home.  There was like 20 conditions that needed to be met between myself, the mortgage company, and the builder.  I was told the my DTI was a bit of an issue, and that I needed to have cash in my account to show I am able to afford a home...HOWEVER, we made it through and it felt good to get the keys from the builder

11/15/13 EX 685(MY FICO) EQ 657(MY FICO) TU 659 (MY FICO).
Frequent Contributor
MrChairman
Posts: 461
Registered: ‎02-07-2010
Re: Approved with Conditions.NERVOUS!!!!!

OP, I am curious as to what your DTI is. Mine is currently at 48% and I was told I need to have rougly around 3600 in the bank as reserves. I'm going VA btw


Starting Score:TransUnion: 698 (12 FEB 2010), Equifax: 674 (12 FEB 2010)
Current Score (Lender Pulled):TransUnion: 695 (26 JUN 2013), Equifax: 636 (26 JUN 2013), Experian: 670 (26 JUN 2013)
Goal Score:All scores 700+ by Dec 2013!!

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Member
southerngyrl83
Posts: 20
Registered: ‎10-23-2012
Re: Approved with Conditions.NERVOUS!!!!!

We were approved today with conditions as well. We had to explain some inquiries on our credit, provide a copy of two deposited checks, and I also provided them with a statement from my money market account.

 

Keeping my finger's crossed.

Frequent Contributor
birjest
Posts: 351
Registered: ‎09-23-2011
Re: Approved with Conditions.NERVOUS!!!!!

Well, my DTI was never confirmed to me, but I was told it was at 52%.  It was a big mess, but I would say it was at 48%.  I went with FHA.  My score was a 660.

11/15/13 EX 685(MY FICO) EQ 657(MY FICO) TU 659 (MY FICO).