*sigh*
Well, it looks like our construction loan fell through. We were totally credit approved, but the bank insisted on clinging to some bogus appraisal numbers such that they won't extend us the loan unless we come up with a ridiculous amount of cash. Their appraisal basically valued our house at $75/sq. ft. Anyone vaguely familiar with construction will tell you that's beyond ridiculous.
So, despite the fact that we just lost a lot of time and a significant application fee, we are trying to stay optimistic. Maybe this is for the best. Tomorrow I am calling a smaller local bank that our builder referred us to. This bank is familiar with our builder and has closed deals with him in the past without a problem. So this should still work out in the end, given a little more time, patience, and (of course!) money. I just hate hate hate that we're back at square one again.
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