cancel
Showing results for 
Search instead for 
Did you mean: 

Conditional Approvals

tag
Anonymous
Not applicable

Re: Conditional Approvals

I am with you tooleman.  I got my 1st round of conditions and now I'm waiting for clear to close.  The UW had some very minor questions they my LO and the processor have both told  me that my file is complete and the UW only has to sign off now.  So I don't think I am getting anymore.  If I do I will be VERY surprised. 

 

But this post is making my stomach hurt now and just gave me a little more to freak out about. Smiley Sad

Message 11 of 19
tooleman694
Valued Contributor

Re: Conditional Approvals

Yeah it is my understanding that underwriting will just be clearing conditions.

Message 12 of 19
Anonymous
Not applicable

Re: Conditional Approvals

Oh believe me I got angrier as each day went by until I got approval from UWs and clear to close.
Message 13 of 19
playboy
Regular Contributor

Re: Conditional Approvals

That'll be good.

Starting Score: EX 575/TU 534/EQ 570
Current Scores per Myfico: (As of 12-14-13) EX 690/EQ 685/TU 679
Goal Score: 720


Take the myFICO Fitness Challenge

Message 14 of 19
Anonymous
Not applicable

Re: Conditional Approvals


@Anonymous wrote:

I have come a long way..I've been working on my credit for a good 2yrs now and finally got pre-approved 2 months ago!....long story short, we found a house and are under contract, inspection went well and we got a conditional approval from the lender. I turned in all the condtions they asked for (w-2s, updated bank statements, letter of explantions for negative items on credit reports) last wednesday 3/13 and they still have not reviewed them or cleared them yet. I know it takes a few days for that, but my question is, how likely are they to ask for additional conditions? I can't get excited about moving until I know I'm completely approved. I just hope they don't come back asking for more conditional items. I'm sweating bullets right now. What are your experiences? if you've had a conditional approval, did they clear them and not ask for anything else??


Ok, here's and update: I got an updated approval today! but they did need a signature on my LOE and that was it! I'm so relieved. Now I'm just waiting on the appraisal to be done...so I'm hoping that goes well! Smiley Very Happy

Message 15 of 19
tooleman694
Valued Contributor

Re: Conditional Approvals

I only had one round of conditions, I completed them and got our clear to close.

Message 16 of 19
Anonymous
Not applicable

Re: Conditional Approvals

That's good to hear, Tooleman! I think that would've been my case, if I had signed my LOE initially. Did your appraisal go well?

Message 17 of 19
tooleman694
Valued Contributor

Re: Conditional Approvals

It came out 20k over the price of the house

Message 18 of 19
Anonymous
Not applicable

Re: Conditional Approvals

You're winning! thats great!

Message 19 of 19
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.