Profile picture for user9141900

Will we ever close?

The company I am using has an in house underwriter she looked over the file yesterday and sent it up to the lender for review. We have "extenuating circumstances" in our file such as contractor income that can't be used in our DTIR, but our DTIR is at 43.4% and our income without is 36k and income with my other job is 56k. Credit at 620+ and both have steady work. We were supposed to close this past Monday and have an extension through Friday. We are worried that the lender will look at our file with less care and consideration than the in house underwriter did. Should we be worried or is our file a "good file"?
  • July 30 2013 - US
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Call your loan officer and ask for an answer! In my experience, the more you are on the phone (actually your agent should do that) and ask the sooner you will have an aswer.
  • July 31 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for James Embry
Very tough to answer.  Each underwriter has different guidelines and each transaction is very unique. 
  • July 30 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.