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Updated over 9 years ago on . Most recent reply

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Krishna Rayapudi
  • Pickerington, Ohio
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8
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Home loan 'officer' problem

Krishna Rayapudi
  • Pickerington, Ohio
Posted

Hi Guys, My loan officer approved my jumbo home loan, but wants my house 100% complete before he schedules inspection with his appraiser. He is not an easy person to reach/contact which had ben frustrating from the beginning. My builder will be 100% done by middle of next week but he is getting upset that we are not able to move in (staying in an apartment now waiting for the house to finish) as the bank is asking for 1.5-2 weeks after 100% completion to book a closing date. All houses that he built which are about 30 so far in the area, have all been closed with a little outside work remaining like sodding etc when the bank would escrow a certain amount and give it after it is all done. The loan officer is pretty adamant about inspecting it after it is 100% done. Builder is  threatening that he would sell the house to someone else as he is not happy with the loan officer!! I do have the house under a purchase contract which expired few days ago and has to be renewed (which the loan officer suggested do it once the closing date is booked). I am not worried about the builder selling it to someone else, but how can I convince the loan officer to close it sooner?

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