Is it possible to get through underwriting and not have any conditions?
We have worked our butt off the past two years and want the closing process to be painless as possible...
We make $150,000 combined, have a DTI of 5%, leaving us with a balance on our new home of $297,500 for an FHA loan.
My mid score is 675, my wifes is 705
We already gave the builder our 3.5% down in earnest money back in September, and will have appropriate funds for closing costs.
I just want to re-app, get re-approved, re-submit all documentation needed, then hear those magic words of "Clear to Close!!!'...I want it to be as painless as possible
If your credit is solid, income is solid and everything fits the mold then you wouldnt have any conditions.
When I got my approval, all I needed was to get a dispute comment removed, a letter proving rent history and closing had to be in April. Wasn't bad at all.
I did make it through without conditions. I closed last April and my file sat in underwriting for TWO WEEKS. Apparantly my UW went on vacation and no one thought to tell me. I got the clear to close without hearing from them even once. Good luck!