My husband and I are in the process of buying our first home. We currently have a close date 3 weeks from now, but that seems so long to wait and not know anything!!! We were pre-approved for the loan, have all of our paperwork in, appraisal, our mortgage guy said everything looks good, etc… my question:
How likely that after all of that, the underwriter would deny our purchase? Is the underwriter more of a formality or they sometimes actually deny potential homeowners from obtaining a home loan??? Thanks!