Posted on: 28th Mar, 2010 07:53 am
If the fha has guidelines and a borrower falls within those guideline, a borrower is even approved with Du, the how is a loan rejected. I received my entire file from my LO, after reading it time and time again, I saw where my DTI was 28/40 My middle credit score was 673, I was meeting conditions they requested, Made arrangement to pay medical bill, of which I know fha does not require, this bill happen in 04. My daughter's sallie mae only effect my dti to 28/40. no mortgage/rent lates "ever" recorded on my credit report or any other time. how can this loan have been denied. just need to understand
Hi doebabe,
If you've met the required criteria of the FHA loan, then you should have been approved for the loan by the lender. It is quite surprising that your lender has rejected your request. I would suggest you to contact your lender and ask him to explain the reasons. You can even try to contact other FHA lenders and apply for a loan. May be they would be able to originate the loan for you.
Thanks
If you've met the required criteria of the FHA loan, then you should have been approved for the loan by the lender. It is quite surprising that your lender has rejected your request. I would suggest you to contact your lender and ask him to explain the reasons. You can even try to contact other FHA lenders and apply for a loan. May be they would be able to originate the loan for you.
Thanks