04-23-2013 09:50 AM
Any day now. Today is actually exactly 45 days before the estimated closing date and we were told we would get contacted by a closing agent 30-45 days prior to closing with our confirmed closing date at which time we need to let the loan officer know and we'll start the UW process again.
Interesting. So you'll be on pins and needles for a week or so now. lol
Our loan officer just emailed me a few minutes ago and said that our "loan committment" should be out this week. Whatever that means. lol. We were conditionally approved back in January, and our circumstances and loan-worthiness improved considerably between then and our actual application date of mid-March...anyway...whatever our loan commitment is, it should be coming this week.
Sounds like your process is a lot smoother, easier and less stressful...wish ours was the same.
I've basically had to ask questions along the whole way, they are very good at replying, but never seem to be the ones to reach out first.
I asked the loan officer a while back when we can lock in our rate, and they replied that once we have our confirmed closing date we can do that, and that should happen about 60 days from closing. So I asked the sales agent when closing date will be and she said the computer showed June 28th (this was a few months ago).
Then last week I get an email from an insurance company stating they've been notified that we will be closing around June 1st and if we'd like to setup insurance. The June 1st surprised me so I contacted the sales agent and she said it should be between May 31st - June 9th.
Now the construction manager on the job had previously told me that once they do the drywall texturing, they would pretty much lock in a completion date, so I called him to ask and he said he shows a walk thru date of June 3/4 and closing date of June 6/7.
So now I contacted the sales agent again to ask how the process works...will we get a final date or how does this happen, we've never bought a brand new home before.
She said a closing agent will contact us between 30-45 days prior to the house being done to setup all the dates for the walk-thru and all that. Well going by the Jun 6/7 the construction manager told me, 45 days is today, but I guess could be as much as another 2 weeks. Id really hope it's sooner than later as starting the process 30 days prior to closing seems a little tight to me.
As you can see, quite the back and forth.
04-23-2013 09:55 AM
You really need to jump on them and get it started right now. That way you can get your clear to close and just chill.
That is what I did.
I figure Im going to wait one more week until the 30th since that is when the bank statement closes that I want to use and then jump on them.
04-23-2013 09:57 AM
It will all come together for you with in the next couple of weeks. I'm sure a lot of things will be ironed out.
And this was the first time our loan officer reached out to us without my prompting her too. So it was not the norm by any stretch of the imagination.
04-25-2013 08:17 PM
04-25-2013 08:54 PM
Thanks Carlos. The house was $252k base, then $4k for the lot premium, $2k for the elevation upgarde and then another $48k in options for a total of $306,000.
When are you looking to purchase?
04-25-2013 09:27 PM
04-28-2013 07:10 PM - edited 04-28-2013 07:12 PM
Really starting to come together...paint is done inside and out (aside from needing to details around the baseboards). Cabients are next, then the flooring and she's pretty much done! They'll need to do some touch up work and reparing a couple things, plus they messed up the front door, it's supposed to be stained not painted...I told the project manager, but the door was painted white anyway. Now they have to fix it.
Took lots of pictures today...
Front door & courtyard
Courtyard looking the other way and separate entrance into house.
Entry foyer and den
Foyer and den looking the other way toward the front of the house
Second "living room" with separate entrance from courtyard
Kitchen dining nook
Master Bedroom Foyer/Entrance
04-29-2013 06:49 AM
Looking real good, Mike! Very nice house man!
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