Delays with our loan application
I am looking at buying a home in Texas at $200k and we were not aware that it was in a flood zone until our lender pulled the title. We were supposed to close this week but somehow it had to be delayed. We are packed and ready to move out and I am now forced to pay another month where I’m currently living due to the delay. Our lender has pulled our W2s, pay stubs, and employment verification a number of times and the underwriter can’t seem to get things done. Is there anything lacking with the owner causing the delay? by kempsonc291 from El Paso, Texas. Feb 23rd 2022
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
I highly doubt that the seller has anything to do with the delay. The lender should be able to tell you exactly why the loan closing is being held up. Many times, there are little things that show up and create the need for additional documentation or research etc. so reach out to your loan officer be insistent that you get specific details about the delay. If he/she cannot give you a satisfactory answer, speak to the managerBert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA. FL & TX coming soon In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300.
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