Lender Status Suspended-No Conditions Showing

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  • #63473
    Steel46
    Participant

    Good news is that my file has had some movement! However the status now says “Suspended” and that I need conditions to be met, the thing is, my web file still says “No conditions at this time”
    Any Ideas??

    #63476
    TTrumble
    Member

    Hello Steel46,

    For right now, relax.

    The Suspended status simply means there’s nothing they can do to move the file any further forward until they take care of something. I have no idea what that “something” is, but if it were anything serious or required your input, your counselor would let you know. In other words, it’s typically something internal and a good sign.

    Time to just let the process work. Sounds like you’re getting close !

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #63477
    Steel46
    Participant

    @ttrumble Thanks for your answers!! Without this forum things would be much worse! You and some of the members like @nelsont have really made things better in terms of keeping my sanity. Thanks again @ttrumble

    #63478
    firmeh89
    Member

    @steel46 I think me and you have a very similar timeline, this morning my web file stated lender status approved and commitment letter available in web file and showed 1 condition about 30 mins later it showed suspended. I don’t think it’s a big deal, I think the fact that we both have the same problem is a good thing, MP said everything should go back to normal, well I hope it does.

    #63479
    Steel46
    Participant

    @firmeh89 I believe you are right. I think there are a couple of us all in the same general spot. TT says everything should be good. So lets hope he is right! good luck and let us know any updates!

    #63487
    firmeh89
    Member

    @steel46, my web file has updated from suspended to approved, hope yours was corrected as well.

    #63488
    Steel46
    Participant

    @firmeh89 GREAT NEWS!!! HOPEFULLY MINE IS RIGHT BEHIND YOURS!! SHOOTING FOR A 12/31 CLOSE DATE. FINGERS CROSSED!

    #63491
    cstar89
    Participant

    @steel46 the good thing is this means the bank is reviewing your file, its not sitting! Hopefully you know whats next by EOD.

    #63492
    2BLESSED
    Member

    @steel46 and @frime89 praying for closing and moving into your new homes before the New Year!

    Blessings!

    #63496
    Steel46
    Participant

    @2blessed Thanks so much for the thoughts and prayers. I also hope we can be in before the new year. I am very very afraid that the seller will walk away if we don’t close in time


    @cstar89
    you are right, at very least I can say that the wheels are turning. Thanks for all your guys input. Without this forum I would be going even more crazy then I already am lol

    #63499
    firmeh89
    Member

    Thank you all!

    #63500
    Steel46
    Participant

    @firmeh89 no changes yet. Still checking every few minutes though. Keeping my fingers crossed!

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