A question for underwriters - as a landlord I took advantage of tenant not paying rent due to covid 19 by putting my current loan in forbearance in September of 2021. A guideline given by Fannie Mae and federal government over the summer was shared so that we wouldn’t have to evict them. I entered in contract for buying a home mid November or so but completely oblivious that they would dig to the fact that my current loan is under forebearance. I made payments within the 15-30 days in October and November as a safety net and underwriter asked for documentation on when forbearance ended. It doesn’t end until January. My question being that my credit is 750+ and 20% down for this new loan am I pretty much set up to fail here or is there a fair chance I get approved. My current loan has a balance that’s current many dated articles say I should be okay as long as I’m current but not entirely confident. Let me know if you have any input would be greatly appreciated.
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source https://www.reddit.com/r/RealEstate/comments/r42izg/buying_another_home_with_current_home_in/
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