We applied for a mortgage in March of this year. We eventually wre rejected for the Back to Work program. We loss the house that we put an offier, which was okay. My husband did not want to give up so we decided to try another bank immediaetly on April 28. They requested that we not look for a house until we were finished with pre-underwriting process. After 8 weeks, we were told yeaterday that we were approved and cleared to close. The loan offier sent us a commitment letter with some basic conditions, that apply more to a house that we will finance. There are no more document we need to submit to prove our case. Conditions include, contract, proof of earnest money, underwriter to obtain appraisal manager report through core logic, binder, clear title and soft pull credit report. Now, my question is because I feel this is too good to be true. Are we really cleared to close, could anything else come up that we don't know about considering we were rejected by another bank? I mean we do not plan to get any credit cards, buy a car, max out credit cards, our jobs are very secure...etc. I asked the loan officer if this went through underwriting and she stated that it did and we are cleared to close by underwriting and all they need is a house attaced. She stated that we had a really good file because the credit score is 780, only one credit card with a balance, income over 100k, no late payments or collections...only blemish is the house. I am concerned that something is going to go wrong because of the other rejection. Do they issue an FHA case number for preunderwriting on a fha loan?
