Ok, My wife and I are trying to buy a house and we are working a deal on our current home. We more than qualify, but you know underwriters and their extremely inappropriate and invasive requirements.
We qualified for a house much more expensive than the one we're trying to buy including keeping our current house. They are now asking for 6 months reserves for BOTH properties and we're a few thousand short.
We are getting a "Gift" from my mother in law for the difference but they not only want her personal bank statements, they want her business account statements (she owns her own business and paid herself her paycheck and they want to see where the money came from). My mother in law says that it's too invasive into her privacy and it's none of their business how much she has in her business accounts because she's not applying for the loan, which I agree.
I feel like a darn teenager trying to buy a car or something but we need co-signers and all this other crap.
We more than qualify for this house.... wtf??? when we bought our current house, we didn't have any money down, we lived paycheck-to-paycheck, had ty credit, and we STILL qualified.
We have worked so very hard to build up reserves, get our credit scores above 730, pay our bills, pay off loans on time or early, and we're still getting hit with this crap.
Our mortgage broker is submitting the paperwork today, but we need prayers that it will be accepted with the papers we've submitted. Please pray that we can get out of this house in the ghetto, and we can build our already growing family in a nice neighborhood and good school districts.
Thank you in advance. I know that if God says this is right for us, it will happen, and if it falls through, it wasn't the right house for us. I have to keep in mind that it's in his hands, and he has a plan for us.
And please pray for my wife. This is so much added stress on her while she's pregnant, she's having a pretty rough time of it. She deserves the world, and I'm doing my absolute best to give it to her.
Bookmarks