Sweeeet. Appreciate you finding those guidelines, thank you. The loan I submitted can meet all those conditions.

I had thought there was some type of issue with a cash out so close to a purchase. But as the purchase had no financing at all, it will qualify with the updated guide. Glad Fannie amended the guidelines.

I can already foresee an initial decline, me challening the u/w decision, and subsequently having the loan approved. I love those situations. Handled gracefully, everyone learns something new, and a deeper trusting relationship is formed between loan officer and underwriter. Yet, not quite as strong as the moon and the deep blue sea. That just doesn't happen with underwriters, they always have a smidgen of distrust of loan officers. The underwriter assiged this file is reasonable, she and I get along well thru email. Tomorrow, I think I'll visit the processing center, and bring her a bottle of liquor.