Posted on: 14th Jul, 2009 11:58 am
i have a first time home buyer that wants to buy a home 2 hrs a way from her job the underwriter is giving me a hard time, and may kill the deal for this reason, what should i do?
thanks janice
thanks janice
Hi janice,
If the buyer's job is only 2 hrs away from the house, I don't see any reason why that should kill the deal. If the borrower can afford to make the payments on time and eager to buy the house, the underwriter should not have any problem with that. Besides, the buyer can always look for a suitable job near the home. In case the underwriter gives you hard time regarding this issue, I think you should contact some other lenders.
If the buyer's job is only 2 hrs away from the house, I don't see any reason why that should kill the deal. If the borrower can afford to make the payments on time and eager to buy the house, the underwriter should not have any problem with that. Besides, the buyer can always look for a suitable job near the home. In case the underwriter gives you hard time regarding this issue, I think you should contact some other lenders.
It sounds like you need to work with a different bank.
I would agree with eric1 and move along to another bank.
Use a broker that will call around to a couple different banks. In the eyes of the underwriter, that is quite a commute on a daily basis, they may think its an investment home.