- Applicant changes loan products or terms.
- Action, omission, or delays by the applicant or an unaffiliated third party contributes to missing the closing date, including, but not limited to the seller and closing agent.
- Inclement weather, natural disaster, catastrophic event or other major event outside of Watson Mortgage Corp.'s control.
- Information or documentation provided or required during the mortgage process that cannot be verified or confirmed per underwriting guidelines.
- Any provisions and related timelines outlined above are not met by applicant(s).
- USDA Loans
- Jumbo Loans
- Florida Bond Loans
- Refinance Transactions
- Non-Conforming Loans
- Condos not on the approved Agency list
- Bank-Owned Properties
- Short-Sale
- Watson Mortgage Corp. Employee Loans
- Any and all loans where median FICO
used to determine applicant eligibility is below 640
- Any loan that utilizes Down Payment Assistance
- Any loan when an escrow holdback is requested and approved