lridener's Advice

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lridener wrote:

How long does it take for a V.A home loan if it is in underwritting and they need a Form 21-526

Answer
I have just been told  that due to the Oboma plan there will not be any more land home loans and Modular homes are looked at as moble homes. So they would fall under the land home. Is all of this true?
December 06 2012
(0)

How long does it take for a V.A home loan if it is in underwritting and they need a Form 21-526

Answer
We were asked by the underwritters to have an inspection done to verify this is a stick built home, which we did, but have not heard anytihng back and it has been a week. The reason for the inspection was due to this being a modular home. We have talked to the state modular inspector, broker that is handling the sale and the inspection that all shows it as a onsite built. How long can something like this take and does  underwritter have the right to decline the home even with the home being classifid as a home that meets all of the guidlines to be a onsite built.
December 06 2012
(0)
How long does it take for a V.A home loan if it is in underwritting and they need a Form 21-526
We are selling a home and have a offer from a Vet on a Pension, he is preapproved but the under writting is wanting proof of income due to he does not file income taxes. We had a date of 12/14/12 to close but have been told by our broker that will not happen due to this hold up. I was just wondering how long we should plan on this taking?
November 29 2012
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