Thursday, May 1, 2008

Speed Bump

The Seller accepted!!

BUT...

We were trying to finance through an FHA loan, and our lender guy (who also works in the same company as Rob) had to check to see if the condo was an FHA-approved condo.

It's not.

So he's checking with another lending program, the Oregon Bond. Our debt-to-income levels are a bit too high for the Oregon Bond.

BUT...

Our lender guy is meeting with people with the Oregon Bond to see if they'll make an exception. 

I'm not counting our chickens before they hatch. But we did book our home inspector (just in case-- the sales agreement only gave us seven business days), but made sure that we could cancel with him in case our deal fell through.

Again, back to hurry up and wait.

If this condo is meant for us, everything will work out. If it's not meant for us, we'll go back to the drawing board...

Again, wish us luck.

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