I am now 14 days after signing a closing disclosure for a home in Hamilton MA Was suppose to closing in the first , but needed a s

Once a loan is closed, it is closed. Done deal. Signing a closing disclosure is not the final closing, so yes, the lender can back out of the approval. It sucks. All you can do is try another lender. Good luck.

If I am reading you correctly, the home is not on a fee-simple lot, but on a land lease lot. A fee simple title simply means that the land (and home) conveys to the buyer at closing. On a Land lease title, a third party owns the lot (the dirt) and uses a long-term lease to allow someone to build and own home on the lot. When the home sells, the third party still owns the dirt. There are many requirements for the land lease to be acceptable, but I have never heard of a restriction for the lease owner being a religious institution, as long as the lease would otherwise be acceptable. The part I find troubling is that this information SHOULD have been available to the lender very early in the transaction and if it was an issue, should have been called out then. I don't lend in MA, so I am not familiar with any rules unique to MA. My advice would be to work with your current attorney to get this resolved. Check with other lenders and see if they have similar restrictions on who owns the land. This could be something your current lender has an issue with that other lenders don't. In the meantime, talk to you landlord and advise them of the issues and see what can be done to delay the termination of your lease. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.