It is tough when underwriters get the file.. You have to wait and wait. I spoke to Craig LaBruno about you and I hope you guys make contact, because really he is the go-to-guy in the area. Please try to contact him again.
There is no reason that any of us here cannot speak to you just because you have a Realtor. You have a legitimate concern and are more than welcome to ask questions and seek advice. As a full time Realtor I am always intricately involved in every aspect of the transactions I manage.. with the attorney, the mortgage, the seller or the buyer!
As Jim notes below, did the first underwriter give a reason for denying the loan? You do not have to post it, send an email.. I am curious. FHA guidelines are tough.. but why did they deny the first time?
I hope it works out for you! Please let us know what happens and call Craig tomorrow morning!
It is always good to get a back up!
Since you are currently represented by a Real Estate agent it would be unetheical for me to comment even n this one online forum, except to say welcome to today's market. I would continue to work closely with your current agent (as he or she is most closely related to this deal and with all the time spent would of ALL want to see this deal close).
As many other Realtors will have their own perspective or suggestions, we may can all have our opiniouns, but are not obviously intricately involved int he process. Keep the faith with your current agent. Deals today have most proven to be a nightmare or two.
Francesca Patrizio, Broker Sales Associate, ePro, SRES
You have a right to know why it was rejected; in fact they canâ€™t deny a loan without giving you a reason. Review that reason and ask if their decision makes sense to you. Good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
I really think you need to understand why you were rejected. FHA loans are very hard to get and they often ask for a lot of documentation etc.. if you were rejected you need to understand why and if it was a valid reason that can not be fixed or if it is something you think can be fixed or explained.
Talk to your mortgage advisor. Find out more details. See what your options are.
Don't worry until you know exactly what the problem is and whether or not you can fix it.
It really depends on what the original reason was for not making it through underwritting some lenders are more forgiving than others. Was it due to your financing limitations or a problem with the estate it self? What has your agent instructed you to do? I hope you find a smooth transaction in the end. I went through the same problem with one of my clients last month and everything worked out great unfurtunately it gave her a great deal of grief however we stayed ahead of the game. Dont' be affraid to light a fire on your lender @$$ lol. Good luck to you and yours.
Keller Williams Realty
3xUS Army Veteran