cancel
Showing results for 
Search instead for 
Did you mean: 

Question for Shane

Highlighted
Valued Member

Question for Shane

Hello,

My pre-approval is almost over and the realtor advised me to call Navy Federal and ask the lender to put it on hold and allow me to submit all my documentation she said the loan was contigent: ie: Tax returns and bank statements and closing fees. I called her requesting this, and she has not responded to my calls regarding submitting the documents now To speed things up, is this doable or the realtor is advising me on something that is not possible?  I don't want to keep bothering her and asking her to allow me to submit documents when she is not responding.  The pre-approval is for 60 days and started the day I applied and NOt the day that she told me it was approved.  I have 10 days left and it will expire.......Is this possible to for me to just mail the contingencies to the loan officer, although she has not responded? I know I will have to re-apply again.  The loan rate she offered was 4.5 interest rate and I am dreading dinging my credit report againSmiley Sad

Your Latest FICO® Scores
Offical FICO Score Seal
TransUnion
762
Date: 9/16/2009
Buy Today's Score
Equifax
741
Date: 9/16/2009Your Latest FICO® Scores
Offical FICO Score Seal
TransUnion
762
Date: 9/16/2009
Buy Today's Score
Equifax
741
Date: 9/16/2009
Buy Today's Score
Message 1 of 3
2 REPLIES 2
Highlighted
Community Leader
Super Contributor

Re: Question for Shane

You would just need to ask your loan officer what documentation they require for extending the pre-approval - it may just need to be a new credit pull, your latest bank statements, your most recent paystubs, etc.  Your loan officer can tell you exactly what updated documentation they'd need.

Helping people with mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Orange County, CA and lending in all 50 states
Message 2 of 3
Highlighted
Established Contributor

Re: Question for Shane

Yep - every lender that I talked to said that the pre approvals were good for 90 days and that a re check of credit would be necessary if needed to extend.  And non offered a rate lock until I was under contract... So maybe it's just the rate lock that expires in 10 days.

 

No possiblity that you can get a house under contract in 10 days?

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.