Really frustrating turn of events.

We've had some setbacks in being able to actually purchase a house. At the beginning, we thought we would be golden because our credit scores are high and we qualified for 100% financing (which we thought would only require us to pay $500 of closing costs).

Let's just say we know about the real world now.

The first thing we found out was that while we do qualify for 100% financing, we have to pay AT LEAST $500 in closing costs (of the expected $10,500). Needless to say, we didn't have that much in our account at the time of the application so it was deferred for approval until we were able to come up with the money. We have worked that kink out now, including proposed 3% help from the seller (which is normal up right now).

When we were told about the monetary needs, we were also told about all the paperwork that we needed to submit: 2 years W-2s, 2 months pay stubs, all paid receipts for loans, and current monthly statements to determine the monthly payment for any unpaid loans. I think there was something else, but I'm not remembering it at the moment. ACU decided to randomly deny Nat access to his previous W-2s from 2010, so we had to order a paper copy through the mail. In hopes that we continue with the process with the 2010 tax return instead of a W-2, I included that. I submitted all that paperwork the next day, and since anything involving my account can only be handled by a supervisor, the supervisor in the real estate department looked at it a few days later.

I got a call today from the supervisor saying a few things:

• my part time income (with the CU we are using for the mortgage) doesn't count as income
• all the paid receipts we sent in, don't count because they don't have the individual account numbers on the receipts (most online sites don't have the account numbers anywhere on the receipt, but we're still required to have them)
• we have to have Nat's W-2, and nothing can be submitted to the private mortgage insurance company (who decides if we are ultimately able to pay) until all the documentation is gathered

Oh, and did I mention that we have to tell our apartment complex if we are going to be moving out by July 5th?