Underwriting Conditions

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  • #69898
    Leahlove
    Participant

    Hello Everyone,

    I hope all is well! I have been working with the NACA program since attending the ATD event in March. My counselor has been good so far. I was submitted for qualifications June 6 they came back with 11 conditions and I was resubmitted on June 19. They then came back with 2 fairly simple conditions so I thought. The conditions were:
    1. Am I still employed full time?
    2. 12 month rental verification?

    I am still employed and have no problem sending in paycheck stubs. I also have rental verification. I moved in with my parents after not renewing my lease it was a smooth rental transition. I pay by cash but then withdrawal receipt specifies that’s it is for rent. Counselor told me to start using cash app in June so that’s how I’m doing it now.

    What is making me nervous is the fact that my MC has told me she needs to talk to manager about conditions. I have been emailing almost everyday but it has been 7 days and I still have heard nothing back. I’m just needing some guidance to easy my anxiety.

    #69926
    ibuyhome
    Participant

    I find it odd your MC recommended you start using cash app as a means of tracking payments for rent. My MC was and still is completely against cash app unless for small micro transactions. $5-20 mark. Anything huge would have to be explained through a letter of explanation. Do confirm with your MC if this is the way they want you to go about it. I feel as though there should be a better option for you to avoid unnecessary headaches in the future.

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