Friday, February 12, 2010

House update

This is directly about the baby but it definitely affects our family and for those of you that have been praying for us I just wanted to keep you informed.

The Recap:
In November we made an offer on a double wide manufactured home on an acre of land in Tallassee AL. The trailer is only one year old and barely lived in. It's in amazing shape and would double our living space. The offer was accepted and we were preapproved by a bank and planned on getting an FHA Rural Development Loan (100% financed... we can do that). The bank then took three weeks to tell us that they couldn't do the loan so for the last two months we have been working with a new bank attempting to get approved. It's been difficult because we don't make very much (though we aren't asking for us), we are just one and half years out of school, etc. Our loan officer in Montgomery has been wonderful working really hard for us and last week the bank gave their final approval and turned our paperwork over to Rural Housing. We were then told it would just be waiting for them to get back to us.

The Update:
This morning we were told that Rural Housing had turned us down (which apparently never used to happen but all the sudden they randomly turn people down). This was a total shock to us and our loan officer. We looked at all of our options: walking away from this house and starting over or renting in Tallassee. We could move this trailer out there but there's no place to put a baby here. Or we could stick with it an go straight FHA and hopefully close within a week or so. The only catch is this loan is not 100% financed and we need to come up with 3.5% for a down payment.

The dilemna:
We talked to our loan officer and she said to take the weekend and give her a decision Monday morning so now we are praying for an answer. The problem is we don't know if all these obstacles are the Lord's way of telling us we are not supposed to get into this house or if this is exactly where we need to be and Satan is just trying to discourage us. We are learning toward going FHA and getting this house, but please pray that if this is the right decision the Lord will give us confirmation. We want to be in Tallassee where our ministry is. I want to be there yesterday and I believe that the Lord wants you where you are serving in order to reach people the best.

No comments:

Post a Comment