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We put in a written offer on a FSBO a month ago and had a mortgage approval/commitment/lock @4.0%/.25% points from our credit union in less than a week. Truth in lending: both our FICO scores are 800+, purchase is not contingent on sale of a home, and our down payment is in excess of 20%. Is that why we haven't experienced some of the lending horror stories I'm reading about here?

It blows my mind that people are having such a difficult time with lenders. I would think that with rates at historic lows, affordability and hence, qualifying, would be easier. What am I missing?

Also: appraisal came in above contract purchase price.
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