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I think I got some good news today lol I was getting worried because in our property contract it says we need a loan commitment by 1/9/09. I called the processor and she was out for the day so I spoke to her assistant, she told me that the underwriter had some conditions that they sent in Friday (I wasn't told anything about the conditions)
I guess when the processor called me Friday for a copy of the canceled check for the earnest money and said she was doing a VOD that was part of the conditions. It would have been nice to know at least there was some conditions asked for, I just assumed it was more stuff they were collecting. Could this be the end of the conditions, only a couple of things??? I was told we should have our commitment either tomorrow or Wed!!!
After the commitment how soon can we close? Can we move our closing date up to ASAP? lol I don't want to give anyone a chance to change their minds or come up with more conditions
LOL... only your loan officer will know this.
OMG I'm so excited right now!!! Just found out the underwriter approved our loan and our file is on it's way to USDA for final approval!!! Anyone know if USDA will have conditions also? The LO says no but I wanted to double check here and see.
NOW I think I will start collecting boxes! ![]()
Everything I have read about the guaranteed program says it's basically all up to the lender. It's THEM loaning the money, and USDA just guarantees it.
So...I would think that USDA will be fine.
We are finally homeowners!!
Closed May 5th-30 yr fixed at 5.25%.
@Anonymous wrote:
Thanks I just wanted to hear something positiveI'm a worry wart can't ya tell, I'll probably worry up until the keys unlock the door lol
@Anonymous wrote:
LOL That's too cute! I do have 3 cats that love boxes. All of the kids are just as excited as I am, been packing up since they got home from school