Comments on: VA Loans Underwriting Process

By: Track Jacket

Track Jacket — Fri, 28 Jan 2011 08:10:40 +0000

,.~ I am very thankful to this topic because it really gives up to date information *;,

By: T SOTO

T SOTO — Fri, 21 Jan 2011 03:44:34 +0000

wow i thought i was the only one..well we were on to the last step under writing with the va we got denied because we don’t have enough assets in the back we have about 10 000 dollars saved up . this is ridiculous to me that’s the whole point of a VA 0 down loan for vets to be able to buy a home and not worry about having to save a boat load of money to put down . so now we are stuck and do not know what to do ! husband is a deployed, great kick in the pants to keep motivated in Afghanistan they work their buts off and then VA denies a deployed solider makes me furious. so pretty much now if you dont have money in the bank you will get denied , we don’t want to loose this house . its crazy to me a VET should be approved regardless they deserve every benefit.. so now my husband will never be able to use his VA mortgage benefit after 4 deployments!!

By: Jim Blankinship

Jim Blankinship — Mon, 20 Dec 2010 21:02:19 +0000

I am going through my loan process right now with VA Morgage Center. This whole process has been a big pain. We should have closed over a month ago but my broker was dragging his feet and now underwriting is doing the same. They said that they have everything that they need but I have been waiting 3 weeks for it to go to Docs. If you are reading this, do not go with VA Morgage Center, there are other lenders that do VA loans, think about going through a lender for your loan. My lender is Wells Fargo, if you don’t go directly through them for your loan, then things like reduced fees for PCS moves and Closing Guarantee does not apply to you.

By: Eric Kandell

Eric Kandell — Sun, 20 Jun 2010 19:30:25 +0000

romanza,
call 888-657-2848 and ask for eric kandell. I will help you get approved

By: Romanza Green

Romanza Green — Wed, 16 Jun 2010 19:47:50 +0000

I had a VA loan come back from underwriting. It was approved with conditions, one of which was for us to provide a letter stating how much we pay in childcare. When it was submitted to underwriting it came back denied for the loan. They said that the childcare put our debt to income ratio over the limit for a VA loan. We were furious! How is it that an active duty soldier, who has a current VA mortgage that has never been late for 2 years can not get approved for a new VA mortgage, once the sale of the current one is final. It’s rediculous!

By: Robert Terry

Robert Terry — Tue, 08 Dec 2009 03:34:10 +0000

I have been going through this process since early June. I feel the process was done backwards. I was approved for a VA loan. They started building the house without asking for information. I kept inquiring about when will they need information. I even askd about what should the status of my account look like. I ask if I should keep it higher than what I normally keep it. She says, ” oh don’t worry about it, just live as normal.” As the house gets to it’s final stages, still no information is requested. Then a monkey wrench is thrown. The builder and the banker are fighting. Here is is Dec and I am still going through the process. Finally, after the house is finished and we’ve done the walk through, the request information. What is that all about? I am excited and now scarred at the same time. I think it is torture to let us watch the house being built to our needs with special requests and now we are on eggshells waiting on an answer. This has been a 6 mos experience. I am very very tired and disappointed. I can’t wait till it’s over to voice my opinion. I am so tired that even if the loan finally is approve, I don’t know if I would be able to enjoy it for the first year due to the stress we went through.

By: Scott Brooks - Create Info Products

Scott Brooks - Create Info Products — Fri, 04 Sep 2009 23:48:14 +0000

My VA Mortgage loan has been approved by the underwriter with conditions. We’ve submitted the requested documents that will hopefully satisfy these conditions. We’re nervous and anxious because we really want this house. Didn’t hear anything today, so I guess we’ll have to wait ’til after Labor Day. Ready for this process to be over.