Purchase Price: $168,000
Signed Contract: May 2016
Location: Saline, MI
Property Type: Condo
New/Existing: New
Type of Loan: USDA - Rural Development - Guaranteed
Loan Rate: 3.875%
Pre-Approval: September 2016
Appraisal: January 2017
Clear to Close: TBD
Closing Date: April 28, 2017
Closed On: TBD
A miracle will have to occur for me to close on 4/12 since the builders seem to have all gone on vacation this last week, but should be in the next week or so.
Edit: because builder couldn't provide C of O on time (before 4/12), I had to extend interest rate lock, which then required my file be sent back to USDA. Mortgage company did something weird/wrong and file didn't get submitted to USDA this second time until four days after they intended or told me they were submitting it. Now we're down to the wire, and while I have received final closing disclosure today, file probably won't get back from RD until tomorrow or Wednesday. Mortgage company still scheduling closing for Friday, though I won't get final clear until RD blesses it.
Nobody may read this, but I felt like documenting the headache. Hope I can close Friday since I have to hand in keys to my apartment Monday. Yikes...
@Anonymous wrote:Purchase Price: $154,500
Signed Contract: 03/28/2017
Location: Grand Rapids, MI
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: FHA
Loan Rate: 3.875%
Pre-Approval: 04/14/2017
Appraisal: 4/6/2017 - waiting for results
Clear to Close: TBD
Closing Date: 04/27/2017
Closed On: TBD
Just received Conditional Approval...getting closer..