year long saga...attempt at refinancing

[Justine C.]

Thank you so much in advance Bigger Pockets community!  I am finally feeling brave and educated enough to make some moves outside of my comfort zone.  Just put an offer on a investment property and waiting for the seller to review the offer...

Meanwhile....I'm so frustrated!  I have been trying to refinance my primary for about a year.  Actually, I tried before that a few years ago but after jumping through ALL the hoops and just as it was about to close the lender said, "Oh your property has a manufactured home on it. We can't help you. Goodbye."  So I finally felt I could handle going through it again starting last spring.  I  made sure to pick a lender they would loan on our property before I applied; appraisal took literally months.  Meanwhile, we had to re-roof our house and when the appraisal finally happened, we didn't have our gutters put back on.  The rate lock then expired before we could get them back on. Next lender has just taken a look at my taxes (I also accidentally sent her my S-Corp returns) and her reply was, "In 2022 you took a $37,000 loss. Thank you for submitting your returns so I could take a look. Unfortunately, you do not qualify at this time."  I don't understand this response AT ALL.

First of all, "2022"??? Second, our 1040 taxable income was 172k and we didn't take a business loss on our personal return.

[Tony Gatto]

Quote from @Justine C.:

Yes. It's on a foundation. It's an ADU with utilities running through the primary though. Otherwise I'd try to separate them.

Is it retired ?  They are trying to make sure its untitled from the dmv , and attached to the land , which usually requires a engineer to come out and say so ( even if it is not) . They will also tell you how to make it compliant, then come back and reinspect or let u send photos.. At least thats been my exp.