Is it possible to get qualified faster than 6 months?

Home Forums Purchase Program Is it possible to get qualified faster than 6 months?

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  • #76567
    ericleap
    Participant

    How long did it take you to qualified after your first intake meeting?

    I currently stay with family. My MC said I need 6 months of payment shock savings. However, he said he will argue for 3 months, if I have 3 months of consecutive payment shocks and my documentation in order.

    I recently spoke to a couple of traditional lenders. I’d be able to qualify for $215,000 with up to $10k in down payment assistance.

    #76572
    Nelsont
    Member

    It took me about 6 weeks. But everything hinges on meeting the criteria. Payment shock is non negotiable. In my case I had the payment shock part before I started naca so that expedited the process.

    #76580
    ericleap
    Participant

    That’s weird. He said that if I have all the documentation, he would push my file. My intake is November 30th. Im hoping I can be qualified before 2022.

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