If I am understanding correctly, there had to have been a fairly long time lag between getting the pre-qualification and your house hunting. Credit reports last 120 days, and to go from being qualified to having no current credit is very unusual...
Sergei is correct in that whomever told you to find an underwriter "dose not know what they are talking about." Underwriters not only work for mortgage brokers, they work for mortgage bankers and plain-old bankers, and whoever else wants loans to get done. But, they do NOT usually like to talk to the general public.
The other piece that does not jive, is you say your hubby had to go get credit cards, yet he has a great credit score. Are you talking about a Tri-merge mortgage credit score, which, if "great", should allow you to qualify and buy a home, or are you referencing some "free credit score" site or some other type of credit score? (You may want to read my blog on Trulia "Credit Scores and Your Mortgage Interest Rate" which talks about the fact there are dozens of "credit scores", but only one applies to mortgage approvals).
You need to talk to another lender and get a straight answer. You can call my office and ask for Calvin; he will help explain the whole picture. Take care.
Bill Parker, Loan Officer
AZ Lic# 09011570
CPA--Licensed, no longer practicing
GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496, EXT 743; (M) 602-565-3646; (F) 480-436-5226
MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.
If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter
If you are working with a realtor he should be able to recomend a better lender and help you with the process.
I recomend Wells Fargo, Chandler and Alma School ( north west corner) Carl James. I'm a realtor and I use him for all my clients , they have great programs. And if you don't have a real estate agent I can help you with your purchase.