I don’t understand! I’ve signed the P&S and completed the home inspection now the underwriters are doing the ” one doc at a time” thing all over again! It Dosent make sense, my entire purchase is held up for meaningless common sense things like; I received a 3% raise so complete employer verification all over again, your landlords form shows a different start date in 2003 than you. On top of those items my Naca approved real estate agent is not up-to-date with the new Naca policies, and Naca just switched from BOA to Citi and some of the verbiage was incorrect in refference to home appraisal.
WHO CAN I CALL ? HOW DO I GET ACTION? HOW LONG DO I HAVE TO KEEP PUTTING UP WITH “JUST ONE MORE DOC” ? HELP!
if they were “meaningless” and “common sense”, they wouldn’t be asing for the information. If that 3% raise is permanent and not a temporary or one-time difference, then yes, it’s necessary to properly document it. If there’s a difference between the start date you claim and the one the landlord claims, why? There should be no difference. Is the landlord hiding something? If any of the information is deliberately inaccurate, that’s mortgage fraud, which is a federal crime. If your real estate agent isn’t up to date on policies and procedures, why hasn’t he or she attended the monthly realtor workshop the local office conducts?
In short, none of these items are meaningless or trivial in any way. Remember that the purpose of the NACA program is to show beyond a doubt that you are ready for home ownership and sufficiently responsible to get a mortgage with the outstanding terms of the NACA loan. To do so, no detail will be ignored.
The person to call is your MC to continue getting these items cleared up. As you will see throughout this Forum, patience and persistence are absolute necessities to get through the NACA program. It’s not fast and easy, nor is it designed to be. You’re about to become the owner of a quailty home at a payment you can genuinely afford, with the best mortgage terms in the country. Anything that good is worth doing right no matter what small obstacles pop up.