Loan approved, but underwriter is requiring additional repairs

My husband and I are supposed to close on a house tomorrow. We used a VA loan and we received a conditional approval, meaning we had to submit some extra documents. Generally, it could have been a lot worse. They did want employment verification from every place I ever worked, but this is how the government bureaucracy functions normally.

Today, we got the final approval – two days ago we signed the closing documents, then we got to the final stage where we are supposed to sign the papers at the escrow company. But I texted the mortgage officer because we were supposed to have a phone call to schedule the signing early tomorrow morning. She told me that she was trying to find a handy man to do a quick estimate on costs to repair some damaged siding because the underwriter saw the photo and said the repair needed to be done before close.

I’m kind of puzzled by this and it’s super inconvenient because we had scheduled time off work and rented a moving truck. Does anyone know why this could have happened? We had five inspections done and the inspector said the siding needed to be stripped and repainted, but he wasn’t super concerned about it.

A few other things about the house. It’s historically designated, so there are some things that must be kept in shape to the exterior. The city monitors this. Another thing is the sellers only owned the house since February – they are getting divorced and they lied about a ton of the repairs that needed to happen. They advertised the sewer lines as new, but it became very clear that they had an inspection that said the lines were obstructed. To add to insult, I asked a question to my realtor about if they hydro jetted the lines then they said they did and they knew the sewer line was blocked with rocks/soil/probably collapsed. Maybe they bought the house and realized there was more wrong with it then they thought?

Anyways, thanks to anyone who can help me understand what’s going on.

submitted by /u/Devmoi
[link] [comments]

My husband and I are supposed to close on a house tomorrow. We used a VA loan and we received a conditional approval, meaning we had to submit some extra documents. Generally, it could have been a lot worse. They did want employment verification from every place I ever worked, but this is how the government bureaucracy functions normally. Today, we got the final approval – two days ago we signed the closing documents, then we got to the final stage where we are supposed to sign the papers at the escrow company. But I texted the mortgage officer because we were supposed to have a phone call to schedule the signing early tomorrow morning. She told me that she was trying to find a handy man to do a quick estimate on costs to repair some damaged siding because the underwriter saw the photo and said the repair needed to be done before close. I’m kind of puzzled by this and it’s super inconvenient because we had scheduled time off work and rented a moving truck. Does anyone know why this could have happened? We had five inspections done and the inspector said the siding needed to be stripped and repainted, but he wasn’t super concerned about it. A few other things about the house. It’s historically designated, so there are some things that must be kept in shape to the exterior. The city monitors this. Another thing is the sellers only owned the house since February – they are getting divorced and they lied about a ton of the repairs that needed to happen. They advertised the sewer lines as new, but it became very clear that they had an inspection that said the lines were obstructed. To add to insult, I asked a question to my realtor about if they hydro jetted the lines then they said they did and they knew the sewer line was blocked with rocks/soil/probably collapsed. Maybe they bought the house and realized there was more wrong with it then they thought? Anyways, thanks to anyone who can help me understand what’s going on. submitted by /u/Devmoi [link] [comments]

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