My boyfriend and I are buying our first home in Minnesota. My credit score was 630, bf was 680, our combined income is about 40-45k. We were pre-approved for a USDA home loan up to 135,000, and offered on a home for 129,900 and got accepted. The inspection was done and the home owner fixed all issues and the appraisal came back more than what we offered and we are now in the underwriting process. My question is what is the likelihood that we may be denied the loan? They said we should hear back by the end of the week or Monday, but I have been worried sick about it. I had to fix a few things on my credit before we got the pre-approval and don’t know if that matters or not. Thanks for any advice or help.
Sunday, January 20th, 2013 at 3:05 pm