Ok...Im just a nervous wreak. We are trying to buy a brand new manufactured home, through a USDA loan. We were pre-approved, and I sent in all the proper documentation to the mortgage company. They now tell me that they will send it to underwriting. Ok, she keeps telling me everything looks good, but I am still nervous....we have found the house, locked our price and done everything up to this point....is my odds good that it will go through underwriting. I just dont understand clearly any of this
2007-09-27 01:51:44 · 2 answers · asked by lurky77 2 in Business & Finance ➔ Renting & Real Estate
Calm down! :) Underwriting will just look it over and make sure everything is in check. They will make sure everything you told them on the front side, matches up to the backside thats all. As long as you were honest with them upfront, you shouldn't have anything to worry about! Good luck and congratulations!
2007-09-27 06:24:34 · answer #1 · answered by Sassy Redhead 3 · 0⤊ 0⤋
The underwriting process is just a quality control check to make sure that all of the i's are dotted and t's are crossed. It is a standard part of all mortgage loans. If the underwriter finds any errors they'll ask for additional documentation or explanation as needed. Don't worry, it's standard operating procedure!
2007-09-27 01:57:36 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋