Question Details

Tammy, Both Buyer and Seller in Houston, TX

got pre-approval, sold our home, unable to get closing same day, 11/30/12. on 12/7/12, underwriters denied loan - no current home ownership!???

Asked by Tammy, Houston, TX Sun Dec 9, 2012

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What reason(s) surrounded the denial by the underwriters? I'll be happy to give you a second opinion.

Chad Bradford,
0 votes Thank Flag Link Sun Dec 9, 2012
explanation from underwriter now shows that credit report changed after paying off home mortgage and new items showed, trying a different loan with same lender.
Flag Tue Dec 11, 2012
underwriters are getting crazy. Sorry to hear of your troubles. maybe a different lender would be more accomodating. I have never heard that current home ownership was a criteria for a loan.
0 votes Thank Flag Link Sun Dec 9, 2012
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