Lee and I are going to look at a crap house in Arab to make sure he doesn't like it. Then we are going to go talk to Debbie about the house that I want.
Someone has made an offer already and they are waiting on citibank.
And, we still have to hear back from the Rural development loan.
I found out that RD didn't call back my realtor. The lady who prequaled us for the loan said that we probably wouldn't qualify b/c of Lee.
I thought this was the statement from the RD man and I emailed the RD loan office in Montgomery to get a second opinion.
"Mr. McCloud,
I recently applied for an RH loan and was denied. While I have a good credit score, my husband has no credit. This was the reason we were given for our denial of the loan.
He does, however, possess good credit for paying bills on time and paying our rent on time. Is this sort of credit considered?
Thank you for your time."
And his response:
"Ms. Fanning
Which office did you apply in? I will take a look as your application to make sure the right thing was done."
So this tells me two things;it is possible for us to get an RD loan with Lee's form of credit, and I probably should have been more patient.
But, even if we find out soon, there is still going to be 80 more yards of paperwork etc. to go through.
And someone placed a bid on the house but hasn't heard back yet.
So,unless the bank collects all the bids and sees what is a better offer, we may not get the house.
I hope we get it.
We are going to talk again to Debbie tomorrow and do a contract which is an offer (as is my understanding).
We will have at least thrown our hat in the ring.
I wonder when we will hear back from the Rural Development loan man.
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