All Forum Posts by: Tara Myrick

Oh my goodness...I think I just aged 5 years after reading that

Thx Upen...I told them I am actively seeking employment in st louis...I just go here multiple times throughout the week...I know I am relocating there. ..much of my "surrogate" family is there...I stay on the highway...and I'm waiting for our satelite office to have an opening...thank you for your honesty

Jeff B...i told them...people on the east coast commute state to state from work and home....they really gave me a hard time...

they don't think that i will reside in property...that i am purchasing it as an investment...because it is a duplex...yeah...i've moved on...trying to find a bank who's underwriter as no issue with my commute

Thanks Jeff C...i didnt get the "closing" call...my original closing date was october 31st...it was extended to november 14th...i was told yesterday that underwriters have an issue with the distance of job...they said that i will be residing in home less than 50%...therefore, it is appearing as an investment property to them...

anthony G...i go for personal reasons

sorry for the lat reply yall...let me get my thoughts together

Hello everyone,

I am in dire need of some guidance.  Here are the logistics:

Trying to acquire an owner-occupied 2-family using my FHA loan.

Mortgage company rejected me because:

My job is 2 hours from the property

I work in Jefferson City, MO

Property is in St. Louis, MO

I commute to St. Louis, MO often/frequently throughout week, not just weekends, holidays, etc.

I WILL BE AN OWNER-OCCUPANT...I will not rent out downstairs unit (upstairs unit has a tenant in already, paying $550 per month)

I am actively seeking employment in St. Louis. 

Mortgage company denied me saying there is an issue with the 2 hour distance, even though there are no Federal guidelines for distance from home to employment.  

What are my options, moving forward?  Do i need to find a bank that will allow me to purchase this home?  Do I need to look at a private investor (and how exactly do I pay them)?

SOMEBODY HELP ME PLEASE?!! I'VE ALREADY PAID EARNEST MONEY...ALL INSPECTIONS ARE DONE...I WAS TOLD THIS AT CLOSING. 

I'm only looking at MFUs...for clarity purposes...anything that has 1-4 doors is considered Single Family Residence...5 and up is Considered Commercial...going to look at a 4 fam tomorrow in St louis city...I am being gifted $10k by a private investor for down payment, fees and closing costs since I can't get any assistance from MO HUD programs...I've been preapproved for $140k...happy 4th...

my broker told me that I can be gifted the down payment/fees/closing costs...just can't use any 1st time homebuyer grants...I still am using  3.5% down paymenr

my broker told me that I can be gifted the down payment/fees/closing costs...just can't use any 1st time homebuyer grants...I still am using  3.5% down paymenr