I am so frustrated and really upset. I have worked so hard to save a down payment, complete appraisal requirements, provide pages and pages of documentation requested all to be told that my loan is denied. I was denied because I injured my back and was off of work for a few months. I recieved disability through my employer. Now I am back to work part time and my disability payments are offset from my work pay. I will be back full time over the next several months, but it is a slow and gradual process (I don't want to re injure myself). As I continue to work more hours my paychecks will increase and my disability will decrease until I am back full time. The Underwriter won't use my income because they want my disability to be garaunteed for 3 years. Why? I don't understand. I don't need disability for 3 years.... I have already started back to work. When I am back full time my income will be even greater. Why is this a problem?

My thoughts would be you are only part-time right now in employment. Yes, disability is covering part of your income presently, but, what happens if you can't successfully work full-time? I suspect they're going to want to see at least one year of full time work again, or, that you're only going to be working part-time and that you'll receive some disability pay forever.

Remember, you're asking them to "give" you tens upon tens upon tens of thousands of dollars. Remember no one was a "right" to a mortgage - it's all based on the future ability to pay it back. Would you lend a friend that much money when his future working employment is a bit shakey at the moment (yes, a year is a moment in time)? You'd probably want to make sure he's back at work full time for awhile before you lent 'em that kind of money.

If I stay disabled I can get my disablity payments until I am 65 as stated in our handbook. The life insurance company even sent a letter to the underwriter telling them I could get this money until I am 65 if my doctor continues to say I can't work. I am employed full time and my employer has verified that I will continue to have a full time job. I work in a prison and have great job security. I have worked their for 2 and half years already. I don't understand why the underwriter doesn't see that as I continue to get better and work more hours my income actually increases. The underwriter has the gaurantee of my diabilty if I can't work full time because my doctor says, so I don't understand the problem??

I'd ask a mortgage lender I know but I know his exact words, "There are too many unknown variables for me to answer that question properly."

If this is an in-house underwriter, I'd ask to sit down with the underwriter, your loan officer, and the president of the company (if that's possible) to talk about it.

It would seem to me they would at least base it on the lowest of the incomes - that is, unless they're hoping to convince you to go with a larger mortgage (which translate to more expensive home and higher mortgage payments for you) down the road so they're refusing you now but want you back in the future - I'm just thinking wildly here.

You really need to work it out with them as I don't know all the parameters. Remember, they're also not the only lender in town - you CAN shop around for a mortgage - just be careful with discount points and origination fees - some companies don't charge for these.

Prison, eh? Now that IS job security...the way it's going, it'll probably be easier to lock up and protect the innocent and let the bad guys (and gals) run loose.