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Updated over 12 years ago on . Most recent reply

Sophia Maler's profile image
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Sophia Maler
  • from Belmont, California
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Sophia Maler
  • from Belmont, California
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Sophia Maler
  • Belmont, CA
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Conventional loan delayed. What to expect?

Sophia Maler
  • Belmont, CA
Posted

I'm buying a home as primary residence. The projected closing date is 07/05, but the loan hasn't even gone through underwriter. I called bank several times, but they say they are still processing loans closing in June. Should I just wait and see what happens? What are my odds of actually getting the loan on time? Or should I be prepared to deal with delay?

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Rich Weese's profile image
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Rich Weese
  • #2 Off Topic Contributor
  • Real Estate Investor
  • from the villages, Florida
  • Member since Sep 25, 2008
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Rich Weese's profile image
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Rich Weese
  • #2 Off Topic Contributor
  • Real Estate Investor
  • from the villages, Florida
  • Member since Sep 25, 2008
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
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The safest way is to be prepared with a Plan "B".Right now, I'd place your odds at 50/50-so not much help. Rich

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