Mortgage Appraisal Deadline
does anyone have experience with fha home loan through iberiabank?
Hubby and I have applied for a VA home loan at the beginning of April. We received a verbal pre-approval, and were told to find a house. We found one, did the application and were told no news is good news and that it takes about a month to close. Well…we waited, there was no news. Then at the end of April (close to the month deadline), we were told residual income was not enough based on VA guidelines. So now we are trying FHA. We were told that the LO was waiting on the appraisal over a week ago. Today we were told that appraisal should be there by today and underwriter was going to process. We were already granted an extension from the sellers. Does anyone have any experience with Iberiabank mortgage?
Your not giving enough information for anyone to help you. What was the reason you didn’t qualify for VA? If you didn’t have the income for VA, you won’t for FHA either since FHA monthly payments are more than VA because of the mortgage insurance. You should have someone else look at your situation and see what is going on, it sounds like they don’t know what they are doing!
First Time Buyer Programs and the $8000 Tax Credit Deadline
Existing-Home Sales Decline in October Following Two Monthly Gains
WASHINGTON, DC–(Marketwire – 11/23/10) – Existing-home sales retreated in October on the heels of two strong monthly gains, according to the National Association of Realtors. Existing-home sales (1), which are completed transactions that include single-family, townhomes, condominiums and co-ops, declined 2.2 percent to a seasonally adjusted annual rate of 4.43 million in October from 4.53 …
The above mentioned are the basic requirements in order to qualify for a home loan. Secondly, I was interested to know how big a home loan I could get considering Mortgage Appraisal Deadline. As soon as I knew how much, I could start searching for a house.
Mortgage Appraisal Deadline
First time buying a new house, and I am clueless.?
My husband and I are in the process of buying a new house.We already went thru signing the contract, giving them the earnest money, and they already did the appraisal.The mortgage company already submitted the papers today. How long does it take for them to give me an answer? I am nervous and I really want to know if we got approved.They said that the deadline for the closing is on the 28th.
Did you at least get a 90% letter? You don’t usually get those unless the mortgage co. is pretty positive you’ll be approved, and most sellers won’t even accept earnest money or contracts without a 90% letter from the buyer.
Your mortgage co. should know how long it usually takes in any case. In my history, it’s always been pretty quick but since you’re in a crunch, just make the phone call and find out. That’s your best bet.