[stephanie v]

would be appreciated. Thanks!? Hi there I am going through Envoy Mortgage in Columbus, Ohio. I was approved for $65,000 about 3 weeks ago at a 4.75% and we qualified for the 203k, my husband and I bid on a house and won it for $63,0000 which needed some repairs. I found out that our loan included the 3% advance for the tax credit. We were gonna put that plus the $2,500 hud incentive towards the repairs. The lender said he couldn't do the loan for us. So we now picked out a house and won the bid at $60,727 that needs no repairs. We were going to put the tax credit advance and $2,500 towards it. Our lender is saying that our loan to debt ratio is too high because the intrest rates went up and our rate would be 5.45%. So this one may not go through either. Is this normal for the approval rate to keep changing. He won't give me an exact amount of what I can get approved for now or even a range. My Realtor is very upset and I don't know what to do. Is this legal? Any help would be appreciated. Also can we get the $2,500 on any house? I live in Columbus, Ohio. Thanks so much!I have thought of earning extra money and YES I am still approved for a loan it's just much less than originally. I also have two back up lenders. I was just wondering if this was normal or legal. We are not waiting any longer to get the loan. Thanks for the advice. I am hoping to hear from and lenders out there.