Am I the only one waiting forever for her FHA home loan to be approved ?

Hello All,

I was pre-approved for a home loan, I did some looking and now have the house I want. 30 days later my Mtg Loan is still sitting on an underwriters desk… is this happening to everyone?
Is there anything I can do to speed up the process? .. I am really worried of the seller taking away the house. =0(

Thanks in advance!

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Tags: approved, desk, fha home loan, forever, home, home loan, loan, mtg loan, only, thanks in advance, underwriters, waiting

This entry was posted on Tuesday, December 29th, 2009 at 9:14 am and is filed under fha home loan. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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3 Responses to “Am I the only one waiting forever for her FHA home loan to be approved ?”

Expert Realtor says:

December 29, 2009 at 10:01 am

Sounds like you have an incompetent Realtor as well as a Loan Officer.

Call your LO and question what is taking so long and tell him to e-mail you a list of EXACTLY what you need.

Once you have all of your requested docs in and the title and appraisal are back, you should have been able to close in 48 hours.

You are probably dealing with a mortgage broker that isn’t that familiar with FHA loans…which is why they are taking so long

FHA loans take no more time to underwrite than any other type of loan.

PS: FHA loans are NOT a long process….just like anything else, when you are dealing with people in the lending industry that don’t know how to place a deal together, then anything will take longer.

This adds to the myth that FHA are hard loans, and they are not–to those of us that know how they work.
basham_2005 says:

December 29, 2009 at 10:48 am

the seller probably wont take it away, but yes FHA is the most horrible thing anyone can go thro, after they they look at it you will have a list of things to get and then it will have to go back, it is a long process, i know i just went thro it, and i am not pleased with it at all, i am glad its done, just hang in there, it will happen soon, try calling and getting on to the people to get busy, if you let it go they wont do their part to help you. excellent luck!!!
FHA LOAN RATES | Am I the only one waiting forever for her FHA home loan to be … says:

January 9, 2010 at 9:53 am

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Tags: approved, desk, forever, home, home loan, loan, mtg loan, only, thanks in advance, underwriters, waiting,

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