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Updated over 5 years ago,

User Stats

21
Posts
2
Votes
Yu Chen
  • LA, CA
2
Votes |
21
Posts

owner occupied vs investment property mistake?

Yu Chen
  • LA, CA
Posted

Hey everyone,

I recently bought a property in Kansas city as an investment property about a month ago. I live in LA and I'm in the process of obtaining a mortgage to buy a home in LA to live in. The underwriter working on my current loan kept insisting that my Kansas property is owner occupied even though I showed them my loan application which clearly stated that is was an investment property. The loan officer said that the underwriter pulled some kind of report from the loan and it said it was owner occupied. The underwriter is considering denying my loan after a whole month and everything else is done. It is very frustrating, I was wondering if there's been some kind of mistake made somewhere and if anyone had any experience with something like this. Thank you.

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