Re: The Official NACA mortgage thread
06-21-2012 01:39 PM
Thanks to both of you for the great informtion. I was concerned about having to get re-approved after waiting for the house to be built. My wife starts a field placement in August and she will only be able to work 4 days a week instead of 5, so we will potentially be losing some income (although we will supplement with student loans, I don't think they'll let us count this as income). Our current DTI is sitting pretty at 30%, so losing the $3-400 of income won't hurt too bad.
So after the contract is signed, we then go to bank app -- the bank we'll be using in St. Louis is Citibank. Hearing that we won't need to be re-approved makes me breath a sigh of relief though. I could see that throwing a wrench into our process.