Find a new lender and a new deal....and maybe a new realtor. Sounds like a blame game going on and an approval shouldn't hold you up if your offer was otherwise solid....which may be the part of the equation you left out. Listing agents generally will wait a bit (a business day or so) for the approval if your offer is a really good one.
You need to have all your ducks in a row when you make offers to demonstrate to the listing agent that you have it together. Learn from this and nail the next one.... more
In this new landscape, you might be. Albeit only temporarily. FHA, which has never been a score driven product, recently has seen lenders now requiring at least a 580 middle score to qualify. The high default rates have scared lenders silly and until this wave passes, qualifications will prove difficult. The best thing for you to do right now is to focus on repairing your credit and increasing your score. With the proper info and effort, it can be done. Contact me with your email address and I can send you info on how to do this. Alternative credit can still be used with FHA, but if your not buying right away, it may be a good idea to try to open up an account or two. Just remamber they really won't count till they have been open for at least a year. Good luck!... more