In underwriting! Update approved with conditions!!!

[kaylord84]

Loan officer said I should hear from the Loan Coordinator in about 72 hours with conditions ! Hopefully everything goes smooth!

[Anonymous]

Congratulations! We're probably a few days apart from each other -- so sending you positive vibes!! My first set of initial conditions were collected last week by the loan processor -- we're now waiting for an appraisal to be completed some time this week, then its off to the underwriter! 

Please keep us updated on your progress, hoping you clear all conditions this round with flying colors!

[kaylord84]

Yeah I had my appraisal completed last weekend. Was waiting on my employer to separate my base income from my overtime pay Today they sent the employment verification form back refusing to do so. My loan processor requested I send my last check stubs from 2018&2017 via email. About an hour later I received a email saying my file has been sent to underwriting

[Anonymous]

Awesome! Would you care to include your conditions? Mine are below -- we're doing a bank statement program since we're self employed, for a new construction build. 

1. Please provide Wells Fargo Statements for Act# xxxx for October 2018 thru Feb 2019.
2. Estimated cash to close is $85,000 – an updated LE will be provided next week when the loan gets locked
3. Please provide copies of the deposit checks to the builder – front and back – along with the corresponding bank statement to show it clearing the account
4. Please provide an updated P&L that goes from Feb 2017 – Feb 2019 which must cover the time period for the 24 months bank statements that is being used to qualify.
5. Please shop around for Homeowner’s Insurance Coverage for a minimum of $410000. Please provide myself or your loan officer with a copy of your quote along with your agent’s name and contact info.

Mine are pretty straight forward, and seems too easy IMO lol I'm sure once it gets to underwriting, the list will continue 

[kaylord84]

When I get them I will come back here and update

[Anonymous]

Congrats everything goes smoothly hopefully I'm near the end of this journey after this is done I may never buy another house again the stress nearly killed me lol

[kaylord84]

Im stressed out already and only been in underwriting for a few hours

[sid33]

The waiting sucks! We are currently in underwriting for the final time. We are suppose to close on 3/28. We are nervously excited if that make sense.  Good luck!

[Anonymous]

I'm only in processing (collecting my files) and I'm already stressed out so I feel you! LOL homebuying is definitely not for the faint-hearted lol

[kaylord84]

Update: appraisal report came back today $800 over asking price