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!
