It turns out it was not God's plan at this time for me to buy a condo. How do I know this? It fell through because of one measly percent. That doesn't just happen by chance. It was an up, down, around, upside down 24 hours.
Everything was going smoothly and I was finally set to close on December 1. It seemed like everything was just right. I felt like I needed to pray about it still. On Tuesday (just a day later) around noon I got a message from my mortgage guy that there was a problem with the loan. It looked as though the loan was a no-go because the percentage of condo owners that were delinquent on their monthly dues was just over 17%. The Fannie Mae cut-off is 15%. "Okay, Lord. You could give it to me, or you could take it away. It's yours."
I got a series of calls and e-mails from my realtor and it looked like the seller's agent got the association to recalculate the numbers and the rate was only 16%. The seller's agent requested to know the lowest delinquency amount and paid off that owner's dues! (Happy Christmas to that person!!) It looked like we were back on -- hooray! ("Okay, Lord! This was UNexpected! Thank you! You are in control! This is nuts!") I rushed home from my sister's house to sign last minute paperwork.
Wednesday around noon I got word from the mortgage guy that the underwriters of my loan didn't like that the seller's agent had artificially lowered the delinquency amount. Either it was 15% or it wasn't...no intervention allowed. Ooookay.... Well, hmm.... The options, once again, became "wait and see" or put down 20%. Neither of those are viable options.
The final word came in when my realtor called to let me know that we were officially "out of bullets".
All I can say is that I feel tremendous peace about all of this. Is it crazy that the banks refuse to have any flexibility over 1% when I'm the kind of buyer they should be bending over backwards to retain? Perhaps...but that isn't the case today. So I'm resting in God's Sovereignty, and quite frankly, breathing a sigh of relief! There is an amazing, wonderful, DEEP peace that comes from knowing God is in control and feeling not even an iota of a pretense of control over the situation myself.
I am feeling rather light after carrying the burden of having to make a lot of "I" decisions: what color paint do I want? What carpet do I want? Who do I call for repairs? etc. A friend pointed out today that "those sound like a lot of "I" questions..." He was right. They aren't decisions I was wanting to make alone. So maybe this isn't the season to buy. I'm content and happy to be moving to a great little apartment instead.
God, in His amazing, detailed, attentive care for His children provided me a great little apartment! It's just what I'd prayed He would provide! I am so blessed that I serve and worship a God that is so attentive, caring, and involved in the big and the little things of my life and the lives of those around me!!
No comments:
Post a Comment