***Updates as of 8/1/17***
This is our first home purchase and we are so excited/nervous!
Purchase Price: $585000
Signed Contract: 6/21/2017
Location: Maryland
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: 7/1 ARM
Loan Rate: 3.125
Pre-Approval: 4/21/2017
Appraisal: $592000 (performed on 7/3/17)-YAY!!!
Clear to Close: 8/1/17
Closing Date: 8/2/2017
Closed On: TBD
Update 7/8/17: We received our appraisal report and our house appraises above purchase price at $592,000. Now on to the next phase! We are getting closer and closer to purchasing our first home.
Update 7/19/17: Received approval with conditions. The lenders wanted very simple things that were easy to provide, including copy of earnest money deposit, proof of gift funds deposit, and proof of homeowners' insurance. Sent all items same day, keeping fingers crossed we'll meet our closing date.
Update 8/1/17: Clear to Close!!!! 
@Anonymous wrote:Jumping in Here!!
Purchase Price - $309,900
Signed Contract - July 1, 2017
Location - Rhode Island
Property Type - Single Family Home
New or Existing - Existing
Loan Type - 30 year fixed
Loan Rate - Hoping for 4% or less, talking to lender on Monday as we signed contract yesterday (Saturday)
Pre-approval - June 23, 2017
Appraisal - TBD
Clear to Close - TBD
Closing Date - August 15
Closed on - TBD
Selling our current townhouse. Went on the market and had an offer in 6 hours for over the asking price. Score....now we really need to find something! We took the offer and they are going FHA/first time buyer, so they needed a little time. That was fine because we hadn't stated to look yet at for a new house a couple states away yet. We went Friday, June 30th, to look at ten different places. We found 3 we loved, and put an offer in on the one that we could see ourselves in the most. Our back up has been up for a while so if for some reason inspections and/or appraisals mess something up, we have a back-up!
Will check back in as the process continues!
There's my neighbor
.. Following and keeping fingers crossed for you that everything goes smoothly...
@Anonymous wrote:
@Anonymous wrote:Jumping in Here!!
Purchase Price - $309,900
Signed Contract - July 1, 2017
Location - Rhode Island
Property Type - Single Family Home
New or Existing - Existing
Loan Type - 30 year fixed
Loan Rate - Hoping for 4% or less, talking to lender on Monday as we signed contract yesterday (Saturday)
Pre-approval - June 23, 2017
Appraisal - TBD
Clear to Close - TBD
Closing Date - August 15
Closed on - TBD
Selling our current townhouse. Went on the market and had an offer in 6 hours for over the asking price. Score....now we really need to find something! We took the offer and they are going FHA/first time buyer, so they needed a little time. That was fine because we hadn't stated to look yet at for a new house a couple states away yet. We went Friday, June 30th, to look at ten different places. We found 3 we loved, and put an offer in on the one that we could see ourselves in the most. Our back up has been up for a while so if for some reason inspections and/or appraisals mess something up, we have a back-up!
Will check back in as the process continues!
There's my neighbor
Hey...long time! How have you been! Moving even closer to you now!
Update...Inspection happened yesterday. Started from the basement and worked up. Nothing at all and I thought we were done. He then peeked in the attic...Mold!! Ugh. Oh well. Remediation was put in the works by both Realtors yesterday...hoping to come to an agreement once the report comes back.