08/01/2024
Easily one of the best closings I've had! Not the easiest, but the best.
These buyers came to me panicked because they were denied their VA financing 12 days before closing. All conditions had been met, except one. Occupancy. They are currently at Osan Airbase and wanting to move back to WA.
The mortgage company they were working with denied their loan because their underwriting department didn't understand that dependents could satisfy the occupancy requirement on behalf of the retired servicemember even if the servicemember would not occupy the home within 12 months.
We called the RLC to get their response in writing. And we had the loan Clear to Close in 4 days.
This family almost lost their home and earnest money over a misinterpretation of Chapter 3 Topic 5 of the VA Handbook.
Who you work with matters.