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Member
Posts: 8
Registered: ‎05-15-2013
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Re: April 2017 Closers

Purchase Price: $146,000
Signed Contract: 3/14/2017
Location: Nacogdoches, Tx
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: FHA
Loan Rate: 4.25%
Pre-Approval: 03/27/2017
Appraisal: completed: 04/7/2017 $149,000
Clear to Close: TBD
Closing Date: 4/27/2017
Closed On: TBD
New Contributor
Posts: 116
Registered: ‎01-26-2015
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Re: April 2017 Closers

 
New Member
Posts: 1
Registered: ‎04-03-2017

Re: April 2017 Closers

Purchase Price: $119,000

Signed Contract: 03/08/2017

Location: Clarksville, IN

Property Type: Single-Family Home

New/Existing: Existing

Type of Loan: FHA 

Loan Rate: 4.25%

Pre-Approval: 03/23/2017

Appraisal: 4/4/2017

Clear to Close: 4/10/2017

Closing Date: 04/14/2017

Closed On: 04/14/2017

Member
Posts: 19
Registered: ‎03-11-2017
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Re: April 2017 Closers

I would really love as to what people have for credit scores at the contract signing and what the closing costs came out to.

Citi Simplicity $7800; Chase Freedom $3500; Capital One $2700; Sears Mastercard $3000; Lowes $4000; Paypal Credit $4600; Amazon Credit $2800

Exp: 797 Trans: 812 Equ: 802
Member
Posts: 8
Registered: ‎05-15-2013
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Re: April 2017 Closers



APR28 wrote:

I would really love as to what people have for credit scores at the contract signing and what the closing costs came out to.



My wife has a middle credit score of 632 that was used. Sure wish we could have used mine since my middle score was 718. My closing cost and other prepaid expenses is going to end up around 7k plus 5100 for the downpayment for about 12,400 for total money needed to close on our loan of 146k.

Valued Contributor
Posts: 1,268
Registered: ‎01-19-2015
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Re: April 2017 Closers

[ Edited ]

doinit1 wrote:

doinit1 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..Smiley Happy


doinit1 wrote:

Purchase Price: $150,000.00

Signed Contract: 03/28/2017 - resigned because of price change 4/20/2017

Location: Grand Rapids, MI

Property Type: Single-Family Home

New/Existing: Existing

Type of Loan: FHA 

Loan Rate: 4.375% - rate lock

Pre-Approval: 04/14/2017

Appraisal: 4/6/2017 - 150,000.00 4/18/2017

Clear to Close: 5/1/2017

Closing Date: 05/2/2017

Closed On: 05/2/2017

 

Closed Today...Yay!!..Smiley Happy

AmexPlat(NPSL) Amex BCP(26k) BofA CR Siggy(15k) NFCU CLOC(15K) AmexOpt (13.1k AU) NFCU VS Cash(12.5K) Venture WMC(10.25k) Walmart(10k) BofA BBR(10k) Lowes(10K) Discover(8.5k) Chase FU(7k) Pier 1(6.5k) BB Visa(6k) Care Credit (6k) J Crew(5.6k) Citi Diamond(5.5k) Barclaycard(5k) PenFed PCR(5K) Kohls(3k) Mortgage May 2017 - 2 Penfed auto loans May 2017

FICO 8 Scores EX 720(15) EQ 670(16)TU 717(18) AAOA 3.0yrs TCL=179,950
Contributor
Posts: 103
Registered: ‎05-20-2016

Re: April 2017 Closers

[ Edited ]

Purchase Price: $255,000

Signed Contract: 4/7/16

Location: WA

Property Type: Single-Family Home

New/Existing: Existing (2010)

Type of Loan: 30YR Fixed 

Loan Rate: 4.25%

Pre-Approval: 3/3/2017

Appraisal: 4/6/2017

Clear to Close: 4/7/2017

Closing Date: 4/17/2017 (Original)

Closed On: 4/14/2017 (Amended)

 

Went with a mortgage company instead of Navy Fed or PenFed and have no regrets. From the initial offer to closing: 34 days total. Completely satisfied and more than happy to call myself a home owner. Cheers!

 

(Edited Portion)

Fico Mortgage scores average (622) Just barely enough for the VA loan through this mortgage company

Last late payment was about a year ago

3 Paid Collections on file

10 new credit cards opened and 2 loans taken out (car and debt consolidation) within the last 6 months

10+ inquiries on each credit bureau

My income: $83K a year

FAKO: TU (677) EQ (664)
FICO8: TU (638) EQ (623)EXP (662)
Entering the Garden Sometime in 2017
Goal: Low 700's by the end of 2017
AMEX Plat | PRG | Delta Gold $5,000 | BCE $1,000 Barclay Rewards MC $1500 PenFed Power Cash Rewards Visa $4500 | OLOC $500 Capital One QS $1700 / QS1 $1800 USAA Secured AMEX $1000 BoA Secured Cash Rewards $500 Discover It Secured $2500 NavyFed NRewards Secured $2000 | PLOC $2500

Contributor
Posts: 103
Registered: ‎11-18-2013

Re: April 2017 Closers

Closing tomorrow!

 

Purchase Price: $365,032.00

Signed Contract: 10/02/2016

Location: Tn

Property Type: Single-Family Home

New/Existing: New 2017

Type of Loan: 30YR Fixed  VA

Loan Rate: 4.375

Pre-Approval: 10/03/2016

Appraisal: 4/09/2017

Clear to Close: 4/12/2017

Closing Date: 4/21/2017 (Original)

 

I can't thank you all enough. I've learned so much reading your stories and the ups and downs we all go through. I started out in the mid 500s and my (then fiance) was also struggling at about 575. I found this site, reading it almost every day. It took a while (5 years)!

In 2012 I decided to learn all I could to help improve our credit. We started reading the forums here and we learned so much. It was a hard road, took a lot longer to fix our credit than it took to destroy it!!

 Just kept our heads down, keeping things paid on time, avoiding new debt, automatic billing helped me tremendously. The bank automatically mails out my payment reliably when it's due. I love that! Sure beats looking for stamps all the time! 

But we close tomorrow!! Just wanted to say thank you all so much!! Even my kids are coming to me for advice now and I feel so good knowing I can send them to these forums to learn from all of you. Thanks!!

 

 

Frequent Contributor
Posts: 316
Registered: ‎05-19-2014

Re: April 2017 Closers

[ Edited ]

Adding new data, someone asked for additional info:

 

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: April 25, 2017

Closing Date: April 28, 2017

Closed On: April 28 2017

 

Cash to close went way down to $2700 even though I'm paying an additional $1265 in points to extend the locked in interest rate ... it's very strange.  Property taxes were very, very low -- too low.  Mortgage company contacted me about this and said they (title company?) calculated them all very low, and I could ask to have it changed now or wait until loan was sold and new servicer did an escrow review.  I will proactively contact new loan servicer as soon as they sell the loan so I can get it fixed, but in the meantime will enjoy a lower payment and low closing costs.

 

Also, mid-score (Fico Mortgage) is 696.

 

An additional data point which I find very strange is they are not going to pull my credit again.  It was pulled in February 2017 for USDA, and they are telling me that pull is valid for 120 days.  

 

All of this is fine with me (lower closing costs and no more HPs, great!), just not what I expected.

March 2014: Abysmal, low 500s

April 2015: TU 607 | EQ 599 | EX 608
April 2017: TU 662 | EQ 673| EX 694
Frequent Contributor
Posts: 469
Registered: ‎09-30-2016
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Re: April 2017 Closers


njacks85 wrote:


APR28 wrote:

I would really love as to what people have for credit scores at the contract signing and what the closing costs came out to.



My wife has a middle credit score of 632 that was used. Sure wish we could have used mine since my middle score was 718. My closing cost and other prepaid expenses is going to end up around 7k plus 5100 for the downpayment for about 12,400 for total money needed to close on our loan of 146k.


That is going to vary GREATLY from each person due to region, sales prices, loan amounts, incentives, taxes, etc.


In second year post 13 DC (12-28-15)
Entered garden 05-19-2017 CLOSED ON MY NEW HOUSE 5/17/17!!!!

Current Scores FICO 8: 693/677/687 Updated: August 2, 2017
Goal: 730's across the board

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