Thursday, September 27, 2012

Ohhhh, the Agony!

Waiting to hear back from NVR is so nerve-racking! Today makes the 8th day that the loan has been in underwriting. How long did it take before you received your official approval?

9 comments:

  1. We were in a very very long long underwriting process for various reasons that I cannot complain about; however, it was extremely nerve wrecking and I learned a lot about the true virtue of patience.

    January 30 - July 3 Underwriting to Loan Approval
    July 3 - September 6 Waiting for Customizations/Front Porch Approval
    September 26 Pre Construction Meeting with PM
    October 2 Breaking Ground

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    1. Wowww! I can't complain at all after seeing your timeline. 5 months of underwriting would have had me on edge. You remained faitful though and now the wait is over :)

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  2. It them about 30 days to let me know. I've also read other blogs where they had been approved for weeks and NVR just hadn't informed them of the approval.Eeek!

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    1. 30 days, I guess I'll use that as a basis. Loan Administrator told me 7 -10 days (yeah right, lol). Sounds like I'll need to call and check on them to make sure it isn't already approved.

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  3. I'm working with BB&T and was in the underwriting stage for what seemed like an eternity...but it was probably 30 days. It can be nerve wracking, hang in there.

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    1. Thanks! PP said 30 days too. Guess i'll sit back and relax a bit. I'm just ready to see some progress :)

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  4. about 45 days from the very start at our first meeting with NVR....not bad at all, once it reached underwriting it took about 5 days...but it did feel like a lifetime, lookin back, it was just really impatient......Hang in there, it will happen...

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  5. TechMama,, go back to my blog and read my response to your message you just left!

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  6. Our loan was in Underwritting for 3 days before were where told we were approved. But It was with the process for 3 weeks before it went to underwritting. I know the feeling of having to wait for what seems like forever. I just kept emailing my processor and checking in with her to find out where we were in the process. I think it also depends on the type of loan you are doing. We are doing FHA.

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