Hello we own a home that is $128K and we are buying larger home as we are outgrowing this current one. and we are in UW again. The reason I say again is because the Broker company went through acquisition and switched to a new company in the middle of things. Current UW is still the same one and she mostly approved it all.But the LO said that it has to be signed off again by the UW due to the new company I guess.
So here is what we have:
-$130,000 income
-VA loan
-Have DTI about 43%
-Have $19,000 in reserves
-Under contract with our current home( my mother is buying this home)
-700 credit score never been late, never had anything negative on the credit( score little lower due to credit cards that are high)
-also the home we are buying is $232K and is due to close next week
Please help...you think it is OK?
Our LO said that it has been blessed before and she can not see anything going wrong but I am worried,
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