topic Re: July & August Closers in Mortgage Loans

July & August Closers

FairCredBen — Tue, 05 Jun 2012 14:26:36 GMT

There wasnt one yet, so i have created one. Please use the template below.

I finally found THE house!

Purchase Price: $153,000
Property: Two Story (See pics)
Submitted offer on: 6/3/2012
Signed Purchased contract on :
Type of Loan: FHA
Loan Rate: 3.50%
Loan Application submitted: 5/29/2012
Loan approved: 5/30/2012
Committment letter received on:
Closing date: 7/20/2012
Closed on: Pendng

Traditional seller, who we got to provide a 1 year home warranty AND provide 3.5% towards closing!

The original asking price was also 179,900..... we got them down A LOT lol......

Re: July & August Closers

PRC — Tue, 05 Jun 2012 16:10:31 GMT

I finally found THE house!

Purchase Price: $271,000
Property: Two Story
Submitted offer on: 5/12/2012
Signed Purchased contract on : 5/12/2012
Type of Loan: FHA
Loan Rate: 3.75%
Loan Application submitted: 5/29/2012
Loan approved: 5/30/2012
Committment letter received on: Pending Receipt
Closing date: Somewhere around 8/10/2012
Closed on: Pendng

Building a new home with Highland Homes, who we got to provide a 1% interest reduction, over 20,000 in upgrades, and $6000.00 towards closing!

The original price was (with upgrades) 295,000 Love buidling with free upgrades.... Pics to come soon

Re: July & August Closers

Klesko — Tue, 05 Jun 2012 17:39:51 GMT

The house we had our eye on since Febuaary is a new construction and droped in price from 289 to what we got it at 268. Our only hold up was we can not close until after our 3 year foreclosure date.

Purchase Price: $268,000
Property: Two Story
Submitted offer on: 6/01/2012
Signed Purchased contract on : 6/05/2012
Type of Loan: FHA
Loan Rate: 3.75%
Loan Application submitted: 5/30/2012
Loan approved: 6/01/2012
Committment letter received on: Pending Receipt
Closing date: Somewhere around 8/27/2012
Closed on: Pendng

Re: July & August Closers

Familywantsahouse — Tue, 05 Jun 2012 19:55:33 GMT

.

Purchase Price: $155,000
Property: One Story
Submitted offer on: 5/31/12
Signed Purchased contract on : 6/04/2012
Type of Loan: USDA
Loan Rate: 3.75%
Loan Application submitted: 6/5/12
Loan approved: ??
Committment letter received on: Supposed to be prior to 7/2
Closing date: 7/20 (hopefully!)
Closed on: Pendng

Re: July & August Closers

tooleman694 — Tue, 05 Jun 2012 20:03:48 GMT

Purchase Price: $320,000
Property: Two Story
Submitted offer on: 9/1/2012
Signed Purchased contract on :
Type of Loan: USDA
Loan Rate: 3.75%
Loan Application submitted: 5/29/2012
Loan approved: Pending
Committment letter received on:
Closing date: 7/31/2012
Closed on: Pendng

Re: July & August Closers

cahiatt — Tue, 05 Jun 2012 22:52:39 GMT

I'm going for another. Looking to change schools for my kids with a better yard and neighborhood. Will just rent out our old house.

Purchase Price: $182,000
Property: Single story ranch, 1582 sq/ft + 1540 sq/ft finished daylight basement.
Submitted offer on: 6/1/2012
Signed Purchased contract on :6/5/12
Type of Loan: FHA
Loan Rate: 3.50%
Loan Application submitted: 5/28/2012
Loan approved: 5/29/2012
Committment letter received on:
Closing date: 7/13/2012
Closed on: Pendng

Traditional seller also. Contributing $3500 to closing and home warranty. Haven't done appraisal yet and am expecting it to come back in the 170's so there will probably be another change in terms soon.

Re: July & August Closers

FairCredBen — Fri, 08 Jun 2012 13:43:22 GMT

Inspection passed with flying colors yesterday!

The inspector said i was lucky to have found such a nice home...

Re: July & August Closers

Booner72 — Sat, 09 Jun 2012 02:24:51 GMT

That's a neat house Ben! Congrats.

Re: July & August Closers

languedoctor — Sat, 09 Jun 2012 23:19:07 GMT

Very happy to be joining this thread.

Found a recently reno-ed ranch in a nice location in the town where I'll be working (not too far from Indy).

Not huge, but there's plenty of space for me and my dog. Looking forward to the low payments!

Asking Price: 123,900
Purchase Price: 108,000, plus $1500 seller's assistance (originally 117,500 with 3500 toward closing)
Submitted offer on: 5/18/12
Signed Purchase contract on 6/8/2012 (renegotiated following lender's appraisal)
Type of Loan: USDA Guaranteed / US Bank
Loan Rate: 3.75%
Loan Application Submitted: 5/14/2012
Loan Preapproval: 5/16/2012
Closing Date: 7/2/2012 (estimated, with 14 day allowance for USDA underwriting)

Re: July & August Closers

missypiano — Sun, 10 Jun 2012 18:38:30 GMT

Purchase Price: $350,000
Property: Two story, 1878 square feet
Submitted offer on: 6/1/2012
Signed Purchased contract on :6/4/12
Type of Loan: Homebuyer's Choice 100% Financing, (NFCU exclusive)
Loan Rate: 5.125%
Loan Application submitted: 5/16/2012
Loan approved: 5/18/2012
Committment letter received on: 6/9/2012
Closing date: 7/3/2012
Closed on: Pendng

Flipped house/traditional sale being sold as-is. Passed inspection with minor resolvable issues hopefully to be fixed by seller, (investor). Just hoping the appraisal comes through.

Re: July & August Closers

Errin1 — Sun, 10 Jun 2012 23:40:07 GMT

That is a GREAT deal PRC. Did you use a buyers broker or did you negotiate that deal yourself??? I always wonder if you do better with a broker. Hubby and I are thinking about a new build in Delaware but I'm not too keen on RE brokers. I have heard/seen too many horror stories.

Re: July & August Closers

PRC — Mon, 11 Jun 2012 21:22:32 GMT

We negotiated it ourselves. We are using their mortgage company so that helped a lot as well.

Re: July & August Closers

FairCredBen — Tue, 12 Jun 2012 17:28:17 GMT

LOL the original list price for mine was 179,900.....

We lowered them a lot :D

It was on the market for 4 days, we offered 150,000

They countered for 156,000

We countered for 153,000

They accepted! hahaha

Re: July & August Closers

missypiano — Tue, 12 Jun 2012 19:54:10 GMT

Ugh seeing all your low home prices are makes me jealous. I could get two homes where you live with what is costs for one but that's the price I pay for living in San Diego. But.....if I had tried to buy 6-7 years ago there would be no way I could afford a single family home.

Re: July & August Closers

techgirl — Wed, 13 Jun 2012 01:52:50 GMT

Miss Piano, if it helps, we are paying $292,000 for our home.... and we are in AZ - that is if they give us the loan!!:smileymad:

Re: July & August Closers

pengy_wi — Thu, 14 Jun 2012 16:39:57 GMT

Purchase Price: $124,500
Property: One story single family
Submitted offer on: 6/8/12
Signed Purchased contract on : 6/13/12
Type of Loan: FHA
Loan Rate: 3.50%
Loan Application submitted: 6/14/12
Loan approved: ?
Committment letter received on: 6/8/12
Closing date: 7/26/12
Closed on: Pendng
Seller paying $3000 closing costs, 1 year home warranty, installing new central air

So happy to be able to officially join this thread!

Re: July & August Closers

jules0580 — Fri, 15 Jun 2012 19:39:09 GMT

Purchase Price: $260,000
Property: Two Story 3 bedroom 1/5 bath
Submitted offer on: 5/15/2012
Signed Purchased contract on : 5/17/2012
Type of Loan: USDA
Loan Rate: 3.75%
Loan Application submitted: 5/18/2012
Loan approved: Pre-approval completed prior
Committment letter received on: Commitments fulfilled 6/14 sending to USDA then back for formal commitment next week hopefully
Closing date: 7/13/2012
Closed on: Pendng

Re: July & August Closers

LondonMassey — Mon, 18 Jun 2012 15:03:02 GMT

Purchase Price: $55,000

Property: Two Story 4 bedroom 2 1/5 bath built in 2006

Submitted offer on: 3/9/2012

Signed Purchased contract on : 3/14/2012

Type of Loan: FHA Loan Rate: 3.75%

Loan Application submitted: 2/6/2012

Loan approved: Pre-approval completed 2/6/12, accepted through DU 6/9/12, meet with Lender 6/18/12 to get file sent to a human for review

Close on: 7/23/12 also waiting for bank written approval to sale

Ughhhhhhhh it's a short sale...

Re: July & August Closers

BrownHorse — Sun, 17 Jun 2012 15:41:07 GMT

Thats a beatiful xmas home!

Re: July & August Closers

FairCredBen — Mon, 18 Jun 2012 14:43:42 GMT

LOL it wont stay red and white for too long, though i will leave it through at LEAST 1 christmas!!! hahaha