Well, NACA hadn't sent our file to the underwriters yet, and the underwriters take 3-5 days and then you have to go to a purchase meeting on a Thursday night and THEN they give you your approval letter that you can use to submit offers on a house. This is a bank-owned property, and the bank stipulated they would only take offers from NACA or Wells Fargo. So we contacted Wells Fargo and obtained a pre-qualifying letter for an FHA loan and it looks like we would get the same low interest rate as what NACA is offering - 3.75%! Not too shabby, eh? Only problem is that they are expecting multiple offers because this is such a great deal, so now we pray that if this is the Lord's will they will accept ours. We covet your prayers on this! Thanks so much!!
1 Comment
Billy
9/14/2011 12:33:10 am
Hope it works out with Wells Fargo. NACA has had you working awfully hard for them.
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