How likely to be approved for FHA by Underwriter after being Pre-Approved

Hi,

We just got pre-approved by the lender for an FHA loan… I guess he used a computer program and it came back approved and now he said he has to send it to an underwriter for review. I was wondering how likely it is after being pre-approved for the underwriter to approve us. Do we have a excellent chance at being approved by the underwriter?

Related FHA and HUD Posts

Tags: , , , ,
Tags: , , ,

One Response to “How likely to be approved for FHA by Underwriter after being Pre-Approved”

  1. Jack X says:

    It depends.

    Probably pretty excellent, though, if you gave them accurate information and don’t have any surprises on your credit report.

Leave a Reply

Recent Posts:

Latest FHA Mortgage Auctions
Are You a Good Candidate for a Streamline FHA Refinance?
Analyzing the FHA mortgage applicants Credit history
NAR Urges Congress, Administration to Approach Changing FHA Slowly
Florida FHA Loans, Florida FHA Mortgage, Florida FHA Lenders, 97% Financing

Related results on How likely to be approved for FHA by Underwriter after being Pre-Approved

  1. Even money documents, FHA loan closing costs, loan documentation processing, transmission, underwriting, and documentation on FHA loan approval. Documentation is also required to fund the FHA loans, recording documents, close your escrow, ... The FHA loan program requires that all information in a file before the FHA loans can be approved. The Internet and material resources combine to offer a variety of services that offer the purchaser the necessary information. ...

  1. Unfortunately for you, you have now reduced your income in the eyes of an underwriter! That's right, since you don't have a 2 year history of getting paid overtime, or commissions, this 'extra' income cannot be counted in terms of qualifying. the ... Please get pre-approved before starting to go out & shop for a home in earnest. This will save you & your agent a potentially significant amount of time, & will help you understand the relationship of price to payment, ...

  1. FHA offers a wrinkle to its 203(b) and 203(k) loan guidelines that permits recognition of the cost savings of green improvements. The Energy Efficient Mortgage (EEM) program allows the borrower to incorporate the cost of some ... David is the Founder and CEO of LoanOfficerSchool.com, an approved education provider for The Conference of State Bank Supervisors and The National Mortgage Licensing Systems' (NMLS) required pre-licensing education and continuing education. ...