topic Re: September & October Closers in Mortgage Loans

September & October Closers

SB913594 — Sat, 18 Aug 2012 04:48:36 GMT

Well, I've received my conditions so I feel somewhat safe starting this thread. Carrying the format from previous months

Purchase Price: $223k~ (need to finalize options)
Property: ~1900 SQ Townhome
Submitted offer on: n/a
Signed Purchased contract on : 7/24/12
Type of Loan: FHA
Loan Rate: TBD
Loan Application submitted: 7/28/12
Loan approved: TBD
Committment letter received on: TBD
Closing date: Late October
Closed on: TBD

Re: September & October Closers

LondonMassey — Wed, 03 Oct 2012 23:03:06 GMT

I just received my conditions too!!

Purchase Price: $55k~ (currently appraised for $60k in an "increasing market")
Property: ~1257 sqft, 4 bedroom 2 1/2 bath, 2 story, built in 2006
Submitted offer on: March 9, 2012
Signed Purchased contract on : March 13, 2012
Type of Loan: FHA
Loan Rate: 3.75%
Loan Application submitted: July 31, 2012
Loan approved: August 15, 2012 (with conditions)
Committment letter received on: TBD
Closing date: September 6, 2012 (lender)/by September 14, 2012 (seller's bank)

Re: September & October Closers

indecison — Sun, 19 Aug 2012 18:42:04 GMT

Purchase Price: $255k
Property: ~2500 sqft, 4 bedroom 3 bath, Study
Submitted offer on: NA
Signed Purchased contract on : February 18 2012
Type of Loan: FHA
Loan Rate: 3.375%
Loan Application submitted: July 31, 2012
Loan approved: Still waiting
Committment letter received on: TBD
Closing date: TBD

Should be closing sometime in the middle of September we hope!! I has been a long 6 month wait so far.

Re: September & October Closers

thankfulheart — Fri, 05 Oct 2012 03:37:05 GMT

Purchase Price: $152K
Property: 2400SF Single Family (new construction), 3 beds, 3 baths, study, dining, upgraded kitchen
Submitted offer on: n/a
Signed Purchased contract on : 3/28/12
Type of Loan: FHA
Loan Rate: 3.75%
Loan Application submitted: 6/8/12
Loan approved: 8/7/12 (with conditions)
Committment letter received on: TBD
Closing date: 10/25 (moved :( )
Closed on: TBD

Footers went in last Friday, so we are anxious to watch it rise from the ground (and the ashes of my former credit-ignoring self)

Re: September & October Closers

wemmington — Mon, 20 Aug 2012 21:07:42 GMT

Purchase Price: $315k
Property: ~2595 sqft, 4 bedroom 3 bath, Study
Signed Purchased contract on : March 2 2012
Type of Loan: Conventional 20% down
Loan Rate: 3.625%
Loan Application submitted: August 1, 2012
Loan approved: August 16, 2012
Closing date: September 14, 2012

New construction, used builders prefered lender( Wells Fargo) to get $3500 closing cost, located in Florida panhandle, middle fico 813.

Re: September & October Closers

ProudMomof5 — Mon, 20 Aug 2012 19:42:38 GMT

Congratulations you all. Can the August/September closers continue posting pictures of their house? It gives me a little motivation.

Re: September & October Closers

teamduncan — Sat, 08 Sep 2012 17:53:11 GMT

This is my first home purchase and I too feel {somewhat confidant} to post on this forum. I am excited and nervous all at the same time. Trying to buy a home is overwhelming but with my stalking of this forum I feel better knowing that I am not the only one with these feelings! Anywho ~ I knew this was my house the first time I saw it. WIth prayer, patience and obedience, I pray to close on the 4th of September!!!

Purchase Price: $191k
Property: ~2050 sq. ft
Submitted offer on: 7/19/12
Signed Purchased contract on : 7/22/12
Type of Loan: FHA
Loan Rate: 3.5%
Loan Application submitted: 7/24/12
Loan approved: 08/06/12
Committment letter received on: 08/08/12 with conditions
Closing date: tentative 09/04/12 - just received the clear to close for 09/07/12 at 11 am!!!
Closed on: 09/07/12!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! It was and is the best feeling that I've ever had. Absoultely amazing! :smileywink:

***Update*** We just received the clear to close for 09/07/12... Walk-through is scheduled for 9 am tomorrow! GOD is good!

Re: September & October Closers

StriderM99 — Tue, 21 Aug 2012 00:21:07 GMT

I've just sent loads of documents and fulfilled all of my conditions (hopefully). Being self employeed= endless paperwork, haha.

Purchase Price: $205k (+ $9500 in seller's assist)
Property: ~1490 sqft, 3 bedroom, 2 bath coloniel
Submitted offer on: Mid July, 2012
Signed Purchased contract on : a few days later
Type of Loan: FHA
Loan Rate: 3.265%
Loan Application submitted: Mid July, 2012
Loan approved: Mid August, 2012 (with conditions)
Closing date: September 6, 2012 at noon

I'm a contractor. I was hoping for a fixer upper, but came across this house.. It's in move-in ready condition, so I get to start on the fun projects instead. First up is to help the curb appeal out with some landscaping and a front porch to give the front of the house some dimension.

Re: September & October Closers

teamduncan — Tue, 21 Aug 2012 00:24:33 GMT

Nice House!!! Congrats

Re: September & October Closers

Sunshine85 — Tue, 21 Aug 2012 01:07:22 GMT

Congrats to all- your future homes are beautiful!

Re: September & October Closers

jmcmanna — Wed, 22 Aug 2012 00:36:36 GMT

Purchase Price: $309,900
Property: 2700 sq ft, 2 story, 4 bed, 2.5 bath
Submitted offer on: July 28
Signed Purchased contract on : August 1st
Type of Loan: Conventional
Loan Rate: 4.0%
Loan Application submitted: August 14th
Loan approved: August 21st (with conditions)
Closing date: September 6th

This is the model home in a new neighborhood. The builder wants to build a new model since this one is 6 years old. It is coming with a bunch of high-end furniture and appliances. It has a big professionally landscaped lot, too!

Re: September & October Closers

JusdoNit — Wed, 22 Aug 2012 02:12:16 GMT

You all have chosen some beautiful homes. WOWSERS:smileywink:

Re: September & October Closers

teamduncan — Wed, 22 Aug 2012 02:16:22 GMT

Was told today that I may not make it to my September 4th closing due to the holiday but the loan doc specialist will let me know tomorrow. This is the most stressful thing I've ever done. If this is a praying forum, please pray for me.

Re: September & October Closers

teamduncan — Wed, 22 Aug 2012 17:36:50 GMT

I'm having a real hard time getting my loan officer to respond to my emails and/or phone calls. This is starting to be a problem for me. I know that they are busy and dealing with multiple clients, however, I feel as though I'm just as important. I have serious questions that need to be answered and between the loan officer and my real estate agent, I feel like I'm going nowhere really fast! I'm mentally breaking. :womanmad:

Re: September & October Closers

indecison — Wed, 22 Aug 2012 17:44:08 GMT

Hang in there it will be over before you know it!

Re: September & October Closers

teamduncan — Wed, 22 Aug 2012 17:51:54 GMT

@indecision - I'm really trying but at any moment, I feel as though I can snap!!!

Re: September & October Closers

indecison — Wed, 22 Aug 2012 18:20:06 GMT

Trust me when I say I know how you feel. In general I am not a person who does much worrying however during the process we have been going through that is all I have done. Our house is suppose to be done next month so I look forward to the worrying to be over. My biggest issue in the process has been with delays from the builder for bone headed mistakes. It irks me to no end when they mess something up that in the end causes the finish date to be pushed out further. Once completed this will have been a very long 7 months..

Re: September & October Closers

teamduncan — Wed, 22 Aug 2012 18:33:46 GMT

I hate to say this but I'm sure glad that I am not the only one feeling this way. I would've never thought that the path to home ownership was this hard. :smileysad:

Re: September & October Closers

sok454 — Wed, 22 Aug 2012 18:55:15 GMT

@indecision Where are you located.... 255k for that... holy cow!!! looks beautiful. I assume no basement... but still. 2500 ranch... for 255k...dang. love the stone.

Re: September & October Closers

indecison — Wed, 22 Aug 2012 19:13:41 GMT

@sok454. I am located in North Texas area. Housing here in Texas in general is much less expensive than many other areas. The stone/brick work that this builder does is what made us want to go with them. They have excelent workmanship! The other thing that drew us to them was the fact that this home has between the back and front porch over 400 sq feet of covered patio space.