House troubles

I knew that buying a house wouldn't be easy, but seriously I didn't think it would be this much of a pain in the ass!! 

I started looking for a house over the summer. Every house in my price range seemed to need a lot of work. Don't get me wrong, I figured I'd need to do some minor things but these house needed more than I was willing to do. FINALLY, I found a house that I loved in September.

After negotiations we agreed on a price 40k less than what I was pre-approved for so I thought we were all set. Sign some paperwork and we'd be done...

I was applying for a USDA loan, which I found out pretty quickly were very picky. They kept requesting more and more information. So the application wasn't even accepted until November. The lawyer said it would probably be january since it was getting close to the holidays which was fine. So when I didn't hea anything for a while I didn't really think anything of it. 

Then, my real estate agent calls asking for the name of who I'm working with at the bank and the phone number. He said that he had another client that signed paperwork for the same type of loan 3 days after me and was closing the following week (I had yet to even get a commitment letter).

After talking to her he says she has no idea what's going on with my loan and that she's to call USDA and figure out what's going on and call him the following day. The next day she leaves me a message to call her. 

When I return the call she says that I have been declined... Which really doesn't make sense since I was asking for a lot less than what I was preapproved for.  Come to find out, she added overtime into my income, which I work when I can but it isn't consistent. Because of that, my debt to income ratio was too much... Ugh, so frustrating!!

So now, because this lady screwed the loan up were trying to figure out an exception. She seems to think that if I can prove that I have 3 months worth of my mortgage payment within my savings, checking, and retirement that they'll give me the loan. 

It's been 2 weeks and still haven't heard anything, so it's not looking good.... But I guess we'll just have to wait and see!