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RJ Dixon
  • Rental Property Investor
  • Sarasota, FL
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112
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Can I fight a underwriter ?

RJ Dixon
  • Rental Property Investor
  • Sarasota, FL
Posted Oct 18 2019, 23:07

Hello BP!

Here is my situation. I currently have under contract 2 homes free standing being sold together, on the same parcel and tax deed. Credit,Debit to income and cash are good. We were denied because the underwriter didn’t feel comfortable that we were trying to live in one as a primary ( House hack ) and rent the other. This was a 5% conventional loan. I was upfront up the lender in the beginning. I tried to call corporate but they weren’t available today. I will call again tomorrow. Can I do anything else ? My closing is in 5 days. I’m going to see if I can get an extension. My earnest money is fine with a Financial contingency. Also for the extension should I go hard with the earnest if I’m running into this problem ?

Thank you

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