HELP!

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  • #13972
    rashad3000
    Participant

    I just need to vent a little bit. My file has read “Mortgage Application at Lender” since February 3. I have immediately addressed all conditions as they pop up. I’ve recently had some conditions pop up again that were “addressed” back in February. Of course, I immediately send in everything asked of me. The next day, I receive an email from underwriting asking for the conditions that I just emailed all documentation in the day before. Of course, it wasn’t updated, so I received the email from underwriting. As soon as I received the email from underwriting, I forwarded my MC, processor, underwriter, and nacalynx email, all of the previous documentation addressing those conditions. My file still has not been updated.

    I know this is not rational, but it seems that the closer I get to my home being completed, the further I get away from CTC. I have no idea what is going on with my appraisal request. They keep hounding me about $305 deposits from my wife and my 403(b) accounts that came as a result of us closing our old accounts. None of this stuff has anything to do with my ability to pay. Then, I have an incompetent appraiser who did not perform his duties and use all relevant comps in my area, so he gave a valuation that is simply unreasonable. To further prove his incompetence, he actually put in the appraisal that we have an HOA. I don’t understand why my CONTRACT from the builder, which clearly states NO HOA, does not override this ridiculous mistake by the appraiser. It’s just silly to me. None of this stuff is in my control. Everything I can control, I take care of immediately. The only things holding my file up have to do with outside forces that I have nothing to do with.

    I’m sure 99.9% of this has nothing to do with NACA itself. Yesterday, I read something about “unreasonable underwriters”. I sometimes feel like this. The ONLY one who keeps me going is Mr. Trumble. I truly feel like I have spent hundreds of hours at work dealing with this stuff. I just hope my computer is never audited. If it was, I’d be in big trouble. But there is no way I would be close to where I am in the process if I did not spend countless work hours dealing with the NACA process.

    I just need someone to tell me that one day, I will close on the beautiful home we are building. I’ve had horrible thoughts that maybe, just maybe, this is all too good to be true. Has everyone else had these thoughts, prior to closing?

    #13973
    me2113
    Participant

    I feel your pain @rashad3000. I too have spent countless work hours tending to my NACA file. Things were moving along quite smoothly, until the last few days. I had four conditions put into my file on Wednesday, with no explanation, details, notes or anything as to what those items are. Just vague one word conditions. I have emailed my MC several times, and only received a response that the underwriter will contact me, (No contact yet by the way). I am two weeks from closing, if it’s something I need to obtain from a third party, I need time to get that. Not everything is available online. I am the type that does not procrastinate or wait until the 11th hour to get things done. Idle time right now is not a luxury I have, especially when the clock is ticking.I think this program is wonderful, the concept is awesome, but the unknowns just weigh you down mentally in the process.

    #13974
    ontheroadagain
    Participant

    @rashad3000 and @me2113 I am with you guy. My contract has a closing date of 4/30 and I am praying that I close on time. I do not want to keep paying month to month rent past this month. I had my inspection on Wed and the inspector loaded the same day. I did my due diligence and called HAND yest to make sure they got it and they did, but I was informed that instead of the 1-3 day turn around time for the repair list it is a 3-5 day turn around time. I am also scratching my head about what to do with this home insurance issue since my quotes have been over the $50/month NACA budgeted. Affordability is not a problem, but with what I have come to know as NACA math not sure what the increase in home insurance will effect and my MLO has been busy so haven’t been able to reach her to ask her. All I can do is continue to pray and have faith at this point.

    #13975
    ulewis67
    Participant

    Ohhhhh LAWD!!!

    I hope I don’t go through anymore issues…

    I hope everything works out okay for you both….. ALL OF US!!!

    #13983
    Kristopher Fraley
    Participant

    Let it all out Rashad…..breathe. Keep fighting!!!!! two can play that game! lol Your family will soon be in a fantastic BRAND NEW home! You know this to be true. It is just a matter of time. You are way too determined to go back now.(not that you would anyways your like me) Although things may not be in you control at the moment………your ATTITUDE IS!! Anytime anything in your file pops up that creates drama and tests your patience….gotta find a way to turn it positive! I cannot describe how GREAT it feels to be at the finish line! We all have to stick together throughout this process. what I have learned is naca really forces us to learn the art of patience in the most difficult of times.

    what I found helpful to me during my road blocks was I would take a moment, close my eyes and with my eyes closed I would out loud ask myself “why am I doing this?” and then I would open my eyes and name all of the reasons why I am. your WHY’s have to be greater than anything getting in your way to home ownership. My why’s were extremely strong, unbreakable. im sure yours are too. I’m sure everyones in this thread as well.

    DETERMINATION!!!!!!!!!

    #13989
    rashad3000
    Participant

    Thanks for the encouraging words, everyone, I need them. Kris, I love your positive attitude man!

    Another week with no movement 🙁

    #13990
    tguinn1
    Participant

    I feel ya…. Another week here with my file not being updated and I’ve had everything submitted for almost 5 weeks now. Keep getting told it will be looked at but the week goes by and nothing. I know my MC is trying to keep up but still so hard. I’m still just trying to get my stuff submitted to underwriting so I can only imagine how frustrated you are. Trying to not think about it but I literally check my email every 5 minutes. Lol You aren’t alone, hang in there and I hope you hear back soon on everything you’ve been waiting for!

    #14021
    ulewis67
    Participant

    To ALL:

    Please do not wait until the last moment to get things done. Question why the file is stalled and what you can do to get things done. Explain that you don’t want to be the cause why things are being held up at the last moment. Send an email every few days to your LO for a status update.

    #14024
    rashad3000
    Participant

    U. Lewis, that’s great advice. I send in emails all the time. I know they probably get sick and tired of me. I haven’t gotten any answers in the past 2 weeks, because there have been no updates on my file. So, I’m patiently waiting right now.

    #14082
    TTrumble
    Member

    Hello rashad3000,

    It looks as if they are still trying to get the appraiser to correct his mistake, then you’ll be ready to go. Hang in there, this looks like the LAST obstacle!

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #14083
    rashad3000
    Participant

    Tim, yeah I logged into my file this morning and was pleasantly surprised to see the updates. I emailed my WONDERFUL MC. She said she will let me know as soon as she hears something.

    Tim, once all of these things are addressed, do we have to wait until the home is finished being built and inspected before we receive a CTC? Or would I receive a CTC that lasts until the home is done? Right now, it’s looking like late April/early May.

    Thanks for ALL of the support.

    #30251

    Needed these words of encouragement from this thread today. Bumping for those who are like me: losing patience with this process!!!

    #30252
    Kristopher Fraley
    Participant

    Dont give up!

    #30264

    Thanks for stopping in krisfnbs to give us folks still going through this nightmare some encouragement. I’m holding on (for dear life)!

    #30266
    ontheroadagain
    Participant

    @missprissy2015 Kris is right, don’t give up. I closed in April and all of the test and trials I can truly say were well worth it for my result.

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