mortgage broker being honest with us?
We’re applying for a 250k home loan with 20% down payment. Our credit is 750+ and have no debt. There’s no income issues and it been underwriting for 3 weeks now. The broker said they need all the down payment money in the bank before they can approve the loan. You see, when we apply for the loan we only have 44k in the bank. We needed 50k for the down payment. But there’s no reason we can’t come up with 6k in 2 months when the house is due for closing. Should we look for another loan for wait for this one. Anyone with experiences please give me some advice. Thanks!!!!
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