Just ready to pull out my hair with underwriting

[Anonymous]

We were suppose to close last friday. It got extended to june 11 2011. I got all the conditions they asked for on wednesday. Its been in underwriting since. I just need to know why its taking a long time if I got my conditions out of the way. Could it because underwriters have a work load? Or is it because its the season of buying houses? I asked my LO what is going on and he said that its still in underwriting. and maybe we will hear something on Monday. Im a really patient person but I put my offer on a short sale on Feb 26 2011 and was accepted april 27 2011 and went into underwriting beginning of May. I just need to know if its probably because underwriters are swamped? Im getting my loan with Wells Fargo.

[jefftca925]

Is this an FHA loan or a conventional loan?  If it's an FHA loan, then your revised closing is on target for what the normal time frame an FHA loan needs to close (45 days).  The terms of your accepted offer should have this stipulated.  My offer was accepted on 5/10 and I'm set to close on 6/25.  If it's a conventional loan, then your agent would need to request an extension so you don't lose your earnest money.  Getting a mortgage never goes without some frustration.  I've found this out for sure.