Sign in to follow this  
nchomebuyer

underwrittes deny aproval

Recommended Posts

i have been told by the mortgage lender I have been working with that the underwrites have told her there unable to approve my request of a home loan due to the fact

I am considered a part time employee and it is required for a part time employee to have been with the same company for over one year

she has advised me , my best bet to secure a mortgage would be to find full time employment and re apply

dose this sound correct ?

by the way this was for a usda loan , or fha

Share this post


Link to post
Share on other sites

thanks for the reply

I some what understand there reasoning. but what bothers me is at my rate of pay , althou I only work 25 hours I could easily afford the monthy payment

of the loan I was asking for . I think it is silly to find a less paying job so I can work more hours

Share this post


Link to post
Share on other sites

Yeah I know, but that's the way things are at the moment... one thing you might ask for --- manual underwriting...my bet is they fed your loan thru Loan Prospector or Desktop Underwriter and that's what gave the rejection.

Share this post


Link to post
Share on other sites

good sugestions

at the moment I dont have a property I have my heart set on buying

so I will just let it go for the time being

but will keep that in mind in the event I find the house before I find the 'full time" job

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this