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Taylor changed his avatar to a sprightly bear

Buy a House (read all 22 entries…)
Changing lenders

We realized our lender might not be able to get our mortgage approved in time for an April 1 closing, so this morning we found another lender who can.

As I said before, there are so many moving parts to this thing.

AAARRRRGGGGG!



Comments:

TG

When I bought

my first house last year, I couldn’t believe the number of hoops that had to be jumped through!

Best wishes to you- hopefully the next month will be enough time to nail it down.

Taylor changed his avatar to a sprightly bear

Thanks

Things are complicated because we’re doing an FHA loan, with help from a down-payment assistance program.

This is our second house, and things seem a lot more complicated this time.

The new banker didn’t hesitate when I said we want to close 4/1. The first one said it could be three weeks before he got approval for the down-payment assistance program from his corporate office in CA.

TG

Mine was

a HUD home that I found after more than 6 months of searching.

Even after my offer was accepted it took several weeks and I thought many times that the whole thing was going to fall through.

Taylor changed his avatar to a sprightly bear

Glad your long search paid off.

We’ve actually changed lenders a third time – we’re back with our credit union, which doesn’t offer as competitive rates, but is more willing to work with us. It’s going to raise the monthly payment by @ $80, but it’s better than not getting anything.


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