The Mortgage process started out a little rocky, but ended up working out. We are using a VA loan, so we are financing 100% of the cost of the house and we rolled in some of the closing costs. My husband is currently going to school and getting the G.I. Bill, which is great!!... but we can not count that as income. So we had to apply for the mortgage solely on my income. (This was part of the reason we chose not to upgrade some of the basic features of the house like flooring and crown molding that could be easily upgraded later).
We met with NVR mortgage, signed some papers, and handed over documents like our tax returns, paystubs, etc. I was a little nervous since we were basing the loan only off of my income, but we were approved within a week!! Of course we have some stipulations... we are not using a credit cards so they do not show up when our credit is pulled before closing. I also had to pay off one of my student loans that only had a $400 balance.
Even better news is that I got a job offer a few weeks later, working in the same industry and making a little more money! So I felt a little better about having a cushion in case the mortgage rates went up.
About a month after we were approved, we decided to do a 120 day rate lock at 3.5%! :)
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