Conditional Approval with Conditions?

sybasedba23 — Fri, 31 Oct 2025 13:39:02 GMT

So I'm back again with some news about our mortgage application. Wife and I pulled the trigger applying for mortgage. Did the application last 10/20/2025 and contract esimated closing is on 11/14/2025, long story short we did the FHA Loan.

We got our conditional approval with conditions few days ago, but I'm not sure if its a good sign? UW gave us 17 list of conditions in order to get the CTC? We pretty much have everything but I still couldn't help but to get nervous as our situation is a lil different.

How likely is for us to get the CTC or Final Approval on monday, based on the list given?

We have everything reuploaded on the lenders portal but I would like to get ya'all opinion on how high you thibk our approval is goin to be giving the list of the conditions?

Here are the list

THE FOLLOWING CONDITIONS MUST BE MET PRIOR TO CLOSING:

Some of the conditions listed below may have been received but may have not been reviewed before this letter was

sent.

1. OBTAIN SIGNED AND DATED PURCHASE CONTRACT INCLUDING ALL PAGES AND

ADDENDUMS.

2. PROVIDE A COPY OF THE HOMEOWNERS INSURANCE DECLARATIONS PAGE FOR THE

SUBJECT PROPERTY OR CONTACT INFORMATION FOR THE INSURANCE AGENT.

3. PROVIDE COPY OF VALID GOVERNMENT-ISSUED PHOTO IDENTIFICATION FOR:

MY WIFE.

4. PROVIDE COPY OF VALID GOVERNMENT-ISSUED PHOTO IDENTIFICATION FOR:

MINE.

5. PROVIDE MOST RECENT ONE (1) MONTH OR A QUARTERLY ACCOUNT STATEMENT FROM

THE FOLLOWING SAVINGSACCOUNT PENFED X CONFIRMING A BALANCE OF $XX,XXX.XX

AS INDICATED ON THE APPLICATION FOR SUNSHINE MY WIFE.

6. PROVIDE MOST RECENT ONE (1) MONTH OR A QUARTERLY ACCOUNT STATEMENT FROM

THE FOLLOWING CHECKINGACCOUNT BANK OF AMERICA X CONFIRMING A BALANCE OF

$XX,XXX.XX AS INDICATED ON THE APPLICATION FOR MY WIFE.

7. PROVIDE MOST RECENT ONE (1) MONTH OR A QUARTERLY ACCOUNT STATEMENT FROM

THE FOLLOWING SAVINGSACCOUNT PENFED CREDIT UNION X CONFIRMING A BALANCE

OF $XX,XXX.XX AS INDICATED ON THE APPLICATION FOR MINE.

8. VERIFY MINIMUM REQUIRED INVESTMENT (MRI) OF 3.5% ($

________________________).

9. PROVIDE SIGNED AND DATED LETTER OF EXPLANATION FOR THE FOLLOWING CURRENT

ADDRESS VARIATION(S) REFLECTED ON THE CREDIT REPORT FOR MY WIFE: -------- FORT WORTH, TX 761***.

10. PROVIDE VERIFICATION OF SOURCE OF FUNDS USED FOR APPLICABLE EARNEST

MONEY DEPOSIT(S).

11. OBTAIN A COPY OF APPLICABLE EARNEST MONEY DEPOSIT(S).

12. PROVIDE MOST RECENT TWO (2) YEARS W2'S FOR MY WIFE

FROM EMPLOYER.

13. PROVIDE MOST RECENT TWO (2) YEARS W2'S FOR MINE FROM EMPLOYER.

14. PROVIDE MOST RECENT PAYSTUB FOR SUNSHINE WIFE FROM EMPLOYER

SUPPORTING MONTHLY INCOME OF $X,XXX DATED NO EARLIER

THAN 30 DAYS PRIOR TO THE APPLICATION DATE.

15. PROVIDE MOST RECENT PAYSTUB FOR MINE FROM EMPLOYER SUPPORTING MONTHLY INCOME OF $X,XXX.XX DATED NO EARLIER THAN 30

DAYS PRIOR TO THE APPLICATION DATE.

16. OBTAIN A FULL 1004/70 APPRAISAL (INTERIOR AND EXTERIOR) ON THE SUBJECT

PROPERTY LOCATED AT ( Home Purchase Address ) SUPPORTING

A VALUE OF NO LESS THAN $3XX,XXX.XX

17. PROVIDE MOST RECENT ONE (1) MONTH OR A QUARTERLY ACCOUNT STATEMENT FROM

THE FOLLOWING SAVINGSACCOUNT PENFED XXXX CONFIRMING A BALANCE OF

$XX,XXX.XX AS INDICATED ON THE APPLICATION FOR WIFE

LO said we should hear from UW on monday. Still waiting on that appraisal but we're nervous as this is gona be our primary home purchase.

Thank you!

Re: Conditional Approval with Conditions?

ShanetheMortgageMan — Fri, 31 Oct 2025 17:31:18 GMT

As long as your loan officer correctly calculated your income and there aren't any surprise deposits on the bank statements being asked for, then it should go pretty smoothly. But keep in mind if you're still waiting on the appraisal report to be completed then you won't get final loan approval/clear to close yet, but all of the other items can still be signed off on.

Re: Conditional Approval with Conditions?

sybasedba23 — Wed, 05 Nov 2025 17:02:46 GMT

@ShanetheMortgageMan wrote:
As long as your loan officer correctly calculated your income and there aren't any surprise deposits on the bank statements being asked for, then it should go pretty smoothly. But keep in mind if you're still waiting on the appraisal report to be completed then you won't get final loan approval/clear to close yet, but all of the other items can still be signed off on.

We're still waiting on that CTC but appraisal came back yesterday and checked the title company closing date updated to the date we estimated when we went under contract. So, I'm very positive we will have some news end of this week.

I will keep you posted.

Thank you!

Re: Conditional Approval with Conditions?

babbles — Wed, 19 Nov 2025 07:39:57 GMT

Seems about right to me, just closed on a mortgage with NFCU 10/29 and they are very strict with their paperwork requests, underwriting is really a pain in the butt, they ask for the paperwork the prior two teams already got from you on the initial application

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