Hey guys,
I had an accepted offer today on our dream home!
Now the nerves set in....
We are going USDA guaranteed I have been talking to my broker I am working with and I think I may know more about USDA than him.
He is skeptical the loan will close. He keeps saying that his underwriter will approve te file no problem. He is concerned about USDA. I thought USDA was pretty straight forward. Our scores are all over 640 our DTI after the loan will be 41.65%. He is worried about rental verification I have moved twice in a year... Also I was employed with the same company in retail sales managent for 5 years. I got a better job opportunity back in August working in sales for a bank. He again thinks this is going to hold me back. My wife does have three small unpaid collections that are over two years old. He again is worried about this. He gave me a 25% chance for USDA approval. He thinks that when it gets to USDA they may deny the loan. Any advice here?? I really really do not want to go fha. In fact I won't go fha. Any ideas here I really need some advice if I should talk to another lender???
Chase Freedom-(1000) BOA 123-(2000) Home Depot-(4000)
Discover IT-(1000) Lowes GE-(1500) Orchard Bank-(300)
Regions Student Visa-(500) Best Buy Reward Zone-(500)
In the garden till 4/01/2015