I am in the Army and my wife is in civil service. We have placed a bid and it was accepted on a home in GA. I am stationed in Hawaii. My wife is going to transfer to Ga and i will be deploying to Iraq later this year. We were pre approved, now the lender is asking for a letter of employment for my wife because she is going to GA. The problem is the jobs in GA have to open the positions to the public before they offer the position to my wife and cannot give a letter till then. This will put us past closing. Are there lenders out there that will understand the situation? Home Banc doesnt seem to understand.
2007-03-10 09:36:32 · 3 answers · asked by edub10304 1 in Business & Finance ➔ Renting & Real Estate
Can the military help you in this situation? Don't they have offices on base that deal with issues like this?
2007-03-10 09:39:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you listed this job as your wifes employer and used that income to qualify....and if you dont qualify without it, you have a problem. An underwriter cannot use income on a job that your wife may or may not get.
You would need to get a letter of intent from her new employer but it sounds like you cant get that either. Does she even have the job?
Sorry.
You could always ask the loan officer to take you stated income if you have a high enough score but them you run into another problem that is that many of us lenders wont go stated on military because they advertise your grade pay online
2007-03-11 03:48:11 · answer #2 · answered by queenvwr 2 · 0⤊ 0⤋
Try the credit unions on the military bases in GA near where your wife will be transferred. Pentagon FCU may also be able to help, they do mortgage loans in a number of states.
2007-03-10 17:41:50 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋