Sheri,

A conditional approval is a good thing! It usually means that they are waiting for some paper work to come in from some where else. For instance, maybe another dept. does the employment verification process, and they are just waiting for the paperwork to hit their hands that states you are working as a full time employee of XYZ Corp. If you have no hidden surprises, and you've been perfectly honest with the lender from the beginning, and your credit is not an issue, it sounds like the bank is just dotting the "i's" and crossing the "t's"! Understand that many lenders are swamped right now, Many people are re-financing, so along with people buying houses, they also work the re-finance end of the business, too.

Karen Cipriano
Lake County, OH

A conditional approval is a good thing. If you read it over there should be a list of conditions that you and the processor must collect and submit to underwriting before you receive final approval and a clear to close. Read the letter, make sure you meet the conditions, send them in ASAP and yes, start packing.

Feel free to call me if you have any questions.
Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com