topic Re: March & April Closers - Come on In!! in Mortgage Loans

March & April Closers - Come on In!!

MBOhio2 — Mon, 02 Apr 2012 17:12:39 GMT

I haven't seen a thread for March/April closers yet, so I thought I would start one up!

I don't want to jump the gun quite yet because we're still working through the conditions on our conditional approval, but if all goes well, we'll be closing around the week of March 19th. As soon as I have all of the details about our loan, I will post them here:

Listing Price: $337,875 (builder contributing $7k toward closing costs)
Property: New Construction
Submitted offer on: NA
Signed Purchased contract on : June 2011 (signed new build purchase agreement)
Type of Loan: FHA Loan (First Guaranty)
Loan Rate: 4.25% (we have sub-620 scores, so this is a little higher)
Loan Application submitted: 2/23/2012
Loan approved: 2/28/2012 (with conditions)
Committment letter received on: 2/28/2012
Closing date: We never really had a scheduled closing date.... our lender FINALLY got everyhting together and at 7:45am on March 30th I found out that we could close at 2pm that same day
Closed on: March 30th.... YAY!!!!!!

So where are all of my fellow March/April closers??

Re: March & April Closers - Come on In!!

Chinadoll — Wed, 29 Feb 2012 17:34:29 GMT

YAY! I'm happy to post although I'm still under conditional approval. But; I have all the Faith that my loan will close. :)

Listing Price: $150,000 New Construction Home- Seller will pay $8200 towards closing.
Property: New Construction/NSP Property
Submitted offer on: 12/19/2011
Signed Purchased contract on : 12/19/2011
Type of Loan: FHA Loan (Citizens Bank)
Loan Rate: 2.875% no points :)
Loan Application submitted: 2/16/2012
Loan approved: 2/28/2012 (with conditions)
Committment letter received on: 2/28/2012
Closing date: no exact date since property is being built (expected to finish 3/31/12)
Closed on: Not Yet

Re: March & April Closers - Come on In!!

ripper998 — Thu, 01 Mar 2012 13:29:30 GMT

Listing Price: $$154,900
Property: Existing Home
Submitted offer on: 2/19/12
Signed Purchased contract on : 2/22/12
Type of Loan: FHA Loan (Broker)
Loan Rate: 4%
Loan Application submitted: 2/23/12
Loan approved: Nervously waiting for UW
Committment letter received on:
Closing date: ??? Hopeing for March 23rd
Closed on: Not yet

Re: March & April Closers - Come on In!!

iamwhoiam — Thu, 01 Mar 2012 16:54:58 GMT

Listing Price: Originally $119,000 in September 2011, reduced to $99,900 November 2011
Purchase Price: $87,000-seller assisting with $4k in closing costs
Property: Existing Single family home
Submitted offer on: December 16, 2011
Signed Purchased contract on : January 25, 2012
Type of Loan: USDA Direct
Loan Rate: 3.25%
Loan Application submitted: Full app submitted October 2011
Loan approved:Certificate of eligibility issued November 25, 2011 (with conditions-pay judgment in full, homeowners class)
Home Inspection: January 31, 2012
Appraisal: February 17, 2012 (not sure $ yet)
Committment letter received on: 2/24/2012 (original conditions met, new conditions-survey, repair estimates, termite/pest inspection, letter from inspector re: roof life)
Closing date: ??? hoping for the last week in March-seller refused to order survey until they received my funding commitment-lender says they won't start title work until that is received
Closed on: Not yet

eta: a few more pieces of info

Re: March & April Closers - Come on In!!

blessed92380 — Thu, 01 Mar 2012 17:21:57 GMT

Listing Price: 124,900 (short sale)
Purchase Price: 119,400 with seller paying closing cost
Property: Existing Single family home
Submitted offer on: January 31, 2012..Seller accepted 02/01/12 but waiting on bank to accept offer. (short sale)
Signed Purchased contract on :
Type of Loan: USDA RD Guaranteed ... We have a pre approval letter from Core Finanacial

I have no idea how long this process will take but I am hopeful that we may close by the end of April. We have already overcome a huge obstacle in that the house we are trying to buy was in the final stage of forclosure and set to be auctioned off 03/04/12. We just got news yesterday that they were able to extend the auction date out to 04/05/12 and that further extensions were available if needed : ) This was a huge relief because we were not able to get a response from anyone at Navy Federal (sellers bank). I wrote a few emails to the CEO and other executives and the next day we received news that they were sending paperwork to extend out the auction date.

The Lord has kept me calm through the whole process so far and I am confident that if he wants us in this house he will make it happen. I don't care how long it takes as long as we make it there : )

Re: March & April Closers - Come on In!!

kwesi — Thu, 01 Mar 2012 20:35:33 GMT

Thank you for that post because i need that today. The builder what to see the house that i found and ask him to complete for me because FHA told use that we can't sell the house before 90 days of buying in for me..90 days will be March 16, 2012..I had to pray when i drove by and saw a forsale sign on the lawn..The lord knows best.

Re: March & April Closers - Come on In!!

Annaliese — Thu, 08 Mar 2012 22:01:44 GMT

Listing Price:$116,000, made an offer for $108,000 - bank accepted the offer and they will pay $2300 towards closing.
Property: Foreclosed/Fannie Mae (homepath.com) was built in 2007
Submitted offer on: 1/23/2012
Signed Purchased contract on :1/27/2012
Type of Loan: USDA Guaranteed
Loan Rate: 4%
Loan Application submitted: 2/3/2012
Loan approved: 2/21/2012
Committment letter received on: 2/23/2012
Closing date: Today 3/1 but.............. it isn't happening! Appraiser didn't recertify the repairs on time. But it's all done now. Submitted Addendum/extension to fannie mae for an extension. They approved it yesterday to close on 3/9
Closed on: 3/9/2011 :) :)

Re: March & April Closers - Come on In!!

roshan — Fri, 02 Mar 2012 13:14:47 GMT

Listing Price: $390,000
Final sale price: $370,000
Property: Existing Home
Submitted offer on: 02/21/12
Signed Purchased contract on : 02/27/12
Attorney Review finished: 03/01/12
Home inspection: 03/02/12 (Today)
Type of Loan: conventional loan
Loan Rate: 4%
Loan Application submitted: 2/27/2012
Loan approved: 2/28/2012
Committment letter received on: Waiting
Closing date: ??? (planing for 03/30 or 04/15)
Closed on: Not yet

Re: March & April Closers - Come on In!!

hippychic823 — Thu, 08 Mar 2012 18:34:15 GMT

Listing Price: Originally listed at 145,900. Reduced to 142,500. Purchase price: 137,500 with seller paying 3k closing costs.

Property Type: Existing. Single family home. 3Br, 2 BA, bonus room, 0.25 acre lot.

Submitted offer on: Feb 18, 2012. Offer accepted Feb 20, 2012.

Signed purchase contract: Feb 18,2012.

Loan app submitted: Feb 27, 2012.

Loan type: USDA Guaranteed.

Loan rate: 4%.

Closing Date: tentatively set for March 30,2012

Loan approval: just went to UW....fingers crossed:smileyhappy:

Good luck to all my fellow March/April closers!!!!! I'll keep you guys posted!!!! Will be soooo happy to get through UW (hopefully with little or no problems) and to know that my loan is approved...then Ican quit obsessing about that and start obsessing about closing andgetting my keys and moving into "MY" house. This has been a loooong journey for me...this is my first post but I've been lurking on the forums for awhile rebuilding my credit and then, educating myself on the homebuying process...so glad I found this site :) sending happy and positive closing/approval vibes to all of yall :)

Re: March & April Closers - Come on In!!

my25reasons — Thu, 08 Mar 2012 19:54:24 GMT

I'm scheduled to close mid april. I am anxiously awaiting my for my appraisal to come back and my home inspection is scheduled for monday morning. The waiting has made my week feel like it's been a month long.

Listing Price: $99,900 - Fannie Mae/Homepath

Property Type: Ranch - 1463 Sq ft

Submitted offer on: Feb 16, 2012. Offer accepted Feb 28, 2012.

Signed purchase contract: Feb 28,2012.

Loan app submitted: Pre-approved 2/1/12

Loan type: FHA NSP

Loan rate: 4.25%.

Closing Date: 4/19/12

Good luck to everyone!

Re: March & April Closers - Come on In!!

FSUGAPEACH — Thu, 08 Mar 2012 19:48:07 GMT

Listing Price: $280,000 Property: Fannie Mae Submitted offer on: 2/14/12 Signed Purchased contract on : 2/14/12 Type of Loan: FHA Loan Loan Rate: 3.75% fixed for 30 years Loan Application submitted: 2/16/2012 Loan approved: 2/28/2012 (with conditions) Committment letter received on: 2/28/2012 Closing date: 4/2/12 Closed on: Not Yet

Re: March & April Closers - Come on In!!

Annaliese — Thu, 08 Mar 2012 22:01:07 GMT

Update:

Closing is tomorrow at noon. I'm not going to get excited just yet. Until all papers are signed and we get the keys! I can't believe that we are almost done. This has been a stressful process but all worth it. Also, LO told us that we are going to get $800 back? I'm suprised but oh well, I will gladly take it for additional driveway funds :)

Re: March & April Closers - Come on In!!

Walt_K — Thu, 08 Mar 2012 23:39:11 GMT

Got my commitment letter today! Few conditions, very easy to meet. Closing April 26th. Can't wait. Congrats to everyone else.

Re: March & April Closers - Come on In!!

StrateUp — Fri, 09 Mar 2012 02:32:26 GMT

I was on the Feb/March list then the March/April list now I'm moving to the April/May list.

I'm certainly happy for the rest of you though.

Re: March & April Closers - Come on In!!

StrateUp — Sat, 10 Mar 2012 05:36:31 GMT

OK. I made an offer on Jan 4th to a seller who is hoping she will be released in a short sale from here lender. We still haven't heard back from her lender and I'm pretty sick about it but I noticed today that my listing on Realtor.com is now listed as a short sale and my house is no longer listed on the listing agent's web site. My guess is I'm going to hear within a day or two that the sellers back aproved the short sale. It's that or somebody bought the house out from under me. (Listing Agent is in Ontario for a week so my agent isn't hearing aaaaanything yet). If the short sale is aproved, I think I will be able to close right along with you folks.

Most of you are sweating bullets to secure financing. I'm sweating bullets to to get an offer, any offer, accepted.

I guess it's safe to post in this thread now.

Re: March & April Closers - Come on In!!

hippychic823 — Sun, 11 Mar 2012 10:29:07 GMT

Well, here's an update on my situation.....got e-mail from my mortgage broker Friday afternoon requesting a few more docs. Nothing major, an updated paystub; updated bank acct statement and proof that earnest money check has cleared; and LOE for Target card I app'd for back in August and got declined for (too many inquiries...boo Target!!!!). So, I will be mailing everything to her on Monday and keeping my fingers crossed that all goes well. Hopefully my next post will be a post saying I'm approved and then a post saying "I CLOSED"!!!! :) Hope all is well on everyone elses journey towards homeownership. And to StrateUp: Good luck with your offer. Fingers crossed for ya...stay patient....from what I understand short sales take forevvvverrrrr!!! But it will be worth it in the end :)

Re: March & April Closers - Come on In!!

StrateUp — Sun, 11 Mar 2012 13:12:36 GMT

Thanks a bunch and I wish you the best.

Day 75.

Re: March & April Closers - Come on In!!

nwokcguy — Sun, 11 Mar 2012 17:39:36 GMT

Listing Price: $144,900
Property: Existing, 1933 traditional
Submitted offer on: 3/2/2012
Signed Purchased contract on : 3/5/2012
Type of Loan: FHA Bond
Loan Rate: 4.375%
Loan Application submitted: pre-approval 2/12/2012, loan submitted 3/9/2012
Loan approved: NA
Committment letter received on: NA
Closing date: 3/29/2012
Closed on: NA

Re: March & April Closers - Come on In!!

kmkchris1 — Sun, 11 Mar 2012 18:40:34 GMT

Listing Price: Originally listed at $163,900. Reduced to $149,900. Purchase price: $150,000 with seller contributing $4600 towards closing
Property Type: Existing. Single family home. 3Br, 1.75 BA, 7400 sq ft lot, 1400 sq ft house
Submitted offer on: Feb 3, 2012. Offer accepted Feb 5, 2012.
Loan type: FHA 30 yr
Loan rate: 4%
Closing Date: "On or before April 27th"

Can't wait!!

Re: March & April Closers - Come on In!!

chustle925 — Mon, 12 Mar 2012 00:25:03 GMT

Listing Price: $74900
Property: Existing Home
Submitted offer on: 03/04/12
Signed Purchased contract on : 03/05/12
Type of Loan: conventional
Loan Rate: 3.75%
Loan Application submitted: 3/06/12
Loan approved: waiting for UW
Committment letter received on:
Closing date: Expected to be April 9th
Closed on: Not yet

House originally listed at $99,900, then drastically reduced to $74.9. Offered $70k and asked seller to pay 3k in closing.Got home inspectiondone the same week,.Then the real ticker, my realtor told me about a program in our area where I could get a grant for $5k on the purchase, asked seller if we could push back closing date and they told us to put it in writing, then rejected our offer. So back at square one, I just couldn't leave 5grand on the table.So March 1st I offered again on the house and they accepted. So my dates up top are the new dates, the original dates were 1 month earlier.I'm still kinda pissed at my realtor for making me aware of the grant money after we had a signed contract.Good luck to everyone out there.Good thing is that I have a decent down payment,which will make my mortgage cheaper than what I'm paying for rent. Nervous,Anxious,Excited, all at the same time.