Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Lacy,Thank you for your question, some banks more than others are very strict with their guidelines when it comes to an underwriting approval. Not having sufficient assets in the bank is not reason to deny with most lenders. But you never know. Your scores are great, you do not seem like you have that much debt and you have 1500 in assets. The reason you may have been declined is due to not having sufficient funds in the bank for closing cost, which would have included an appraisal fee that would have to pay out of pocket. Now that you have assets you should be fine, is my guess.You always want to have a savings no matter what when it comes to buying a home, that does not go to say that you are not responsible and could not make the payment. Savings for a rainy day! If you could get a gift from a family member just to have in your bank account that would be great.Closing costs could be paid for with lender credits. Use your VA benefits it is 100% financing depending on the eligibility benefits for VA. There is no reason to switch to an FHA loan because you would end up paying Mortgage Insurance Premium making the payment even higher.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $334,900
For Sale: $109,900
For Sale: $227,500