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