House buying is one big pain in the butt after the other. Just when i thought everything was in order i find out we have yet another obstacle we have to over come. Our loan application was sent to underwriting and our application on the personal side with through with no problems at all but they did not like the appraisal. Just the word appraisal makes me want to scream these days. How can they not like an appraisal the house appraised for 185,800 and we are getting it for 177 that is a big difference. The lender apparently does not like the comparison properties the appraiser used. I don't know what is going to happen next. Our application has been sent to management so it is up to them. They will push it through and we will not have a problem or we will have to get another appraisal which is another 350$ that we don't want to spend or they will require us to put more money down which we cannot do. I just don't understand why this has to be so hard We have no debt we have a little money in the bank flawless credit and we own a house and 3 cars. What is the problem. I just wish it was all over it is stressing me out way to much. I just have to pray the lender calls today or tomorrow with good news.
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I sure hope you get some answers soon - and the answeres you want! Ever thought about trying another lender if that one doesnt do it??
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