We are officially under contract on this condo. Just waiting for FHA approval so I can get the fabulous loan I qualify for due to my teacher income. :) If FHA does NOT approve this building, then the contract will fall through I think... or maybe we'd have to rewrite the offer/numbers so we'd still get the condo for the same amount.
It's tricky. But the promising news is that usually a "no" comes back right away, so the fact that they are taking some time on this means we have a chance. So says my mortgage guy. Whom I finally get to meet in person this afternoon so I can hand him my life story in finances. Jeez... copies of all of my IDs, pay stubs, W2s for two years, pension statement, 403(B) statement, and who knows what else! But I guess it's good that they are thorough? Making sure I'm not lying or something.
I don't know.
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Life just forges on, doesn't it.
2 comments:
FHA is very handy. That's how we bought our condo too. Good stuff :) Hope it goes well for you.
Awesome! Hope it works out - I'll have to schedule a visit soon (speaking of which, get your butts out here to see our house!)
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