topic Conditional approval in Mortgage Loans

Conditional approval

Believe1970 — Tue, 10 Feb 2015 00:11:52 GMT

What kind of information/documents have you been asked for?

Re: Conditional approval

frugalQ — Tue, 10 Feb 2015 00:17:52 GMT

Bank statement showing EMD paid, LOE explaining why credit report updated with previous address, bank statement showing security deposit paid by our renter, more legible copy of 401k statements and drivers license, vie for DH previous job.

That's pretty much it for us.

How about you?

Re: Conditional approval

frugalQ — Tue, 10 Feb 2015 00:18:42 GMT

Oh DH is AU on one of my credit cards, LOE verifying who the account owner is.

Re: Conditional approval

Believe1970 — Tue, 10 Feb 2015 00:46:46 GMT

thanks for your response. I hope I get conditionally approved and its nothing major.

Re: Conditional approval

frugalQ — Tue, 10 Feb 2015 02:30:09 GMT

Three years of researching and making sure our financial house was in order before we applied has really paid off. I was fearing a nightmare situation, but I didn't pan out that way. Thank God!!!

Re: Conditional approval

frugalQ — Tue, 10 Feb 2015 02:31:33 GMT

It will all work out for you. Your LO should be able to anticipate what the underwriters are going to ask for.

Keep me posted on your conditions. When are you scheduled to close?

Re: Conditional approval

Believe1970 — Tue, 10 Feb 2015 02:58:02 GMT

March 27th