tootsmom313

Already heard from the underwriter -- APPROVED!!!! We close next Friday! Yay!

4 weeks at the underwriter?!?! Wow. My loan officer said it shouldn't take more than a day or two -- and he said he's even gotten answers just a few hours later! I'm hoping we get an answer sometime this afternoon. All this not knowing is giving me extreme anxiety! We are supposed to lose next Friday :)

Thanks everyone! Any other travel and/or contract employees with mortgage success stories?

Here's a little background: I'm a registered nurse. I graduated in 2014 and have been employed full-time ever since. In March of this year, I switched jobs to be a "travel" nurse at a local hospital. My area is SO desperate for nurses, they are hiring travelers to take the patient load and I decided to cash in on this -- my pay rate literally doubled from my first full-time job. The only thing is, I'm only technically guaranteed work for 13 week contracts at a time. However, I have coworkers who are travelers and who have been on the same unit for over 3 years, so my employment is incredibly reliable (or we wouldn't be purchasing a home). My husband and I are under contract with a home. We are getting a conventional mortgage. We are putting down 5% but we have 10% to put down if need be. Our credit is in the high 700s and our DTI is 39% (with our new mortgage payment included). My loan is going to the underwriter tomorrow and I'm terrified he will bulk at my "full-time contracted employee" title. My loan originator already got a verification of employment, and made it seem like they didn't need anything further. He said we are "golden" and doesn't foresee any red flags at all from the underwriter. I'm just having such anxiety that the underwriter won't like the "contracted" part of my title and deny our loan. Are there any local "travel" nurses around this forum that have successfully gotten a mortgage approval? Thanks!