Our closing date is supposed to be 08/03/21 we just got our first set of conditions yesterday and responded immediately. We have not heard anything back yet. Has anyone ever got this far for BOA to deny the application, should we file an extension amendment. Im at a lost.
You can get conditions the day of closing even after you are approved. Now that is extremely rare but the phrase does exist it’s not over until you have the keys in hand.
With that said naca members are virtually guaranteed a loan. They can’t 100% guarantee because anything can happen such as losing a job, having a new issue pop up on your credit report that wasn’t there during qualification or credit access, having issues with the house itself, etc. But as long as you made it this far you can be pretty sure this home will be yours soon.
If you just got your first set of conditions yesterday you might realistically be looking at closing 2 to 4 weeks from now. You still need a loan commitment, closing disclosure, VVOE, clear to close, final closing disclosure, final clear to close, closing scheduled with title company or attorney.
I would extend 2 weeks. Anything prior to that is a bonus. But just remember right now don’t worry. Take it stride and in time you’ll be a homeowner.