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August 2017 closers

Regular Contributor

August 2017 closers

Guess ill get the ball rolling for August!

Purchase Price: $257000
Signed Contract: 4/2/2017
Location: Va
Property Type: Single-Family Home
New/Existing: new construction
Type of Loan: 30YR Fixed FHA
Loan Rate: 3.8 (locked a week too soon could have been lower)
Pre-Approval: 4/16/2017
Appraisal: completed 5/27/17 received 7/10/17
Clear to Close: 7/13/17
Closing Date: 8/01/2017
Closed On: TBD

94 REPLIES
Frequent Contributor

Re: August 2017 closers

***LOOKS LIKE MY CLOSING IS BEING MOVED TO SEPTEMBER.  I'LL REPOST THERE***

 

Purchase Price - $267,352

Signed Contract - March 15, 2017

Location - Atlanta, Georgia

Property Type - Single Family Home

New or Existing - New Construction

Loan Type - 30 year fixed Conventional

Loan Rate - 4.125%, with 0.25% paid points and a 60 day lock.  I'm doing a 3% down conventional loan.

Pre-approval - March 27, 2017

Appraisal - TBD

Clear to Close - TBD

Closing Date - TBD, but mid-August

 

I will update this information as I get closer to the date.

Current - FICO 8/2017: EX(764); EQ(742); TU(710)
Beginning - FICO 7/2014: EX(630); EQ(608); TU(581)
Current Mortgage FICO - EX(739); EQ(730); TU(707)
Credit: Wells Fargo Home Projects Charge Card ($7,800); Wells Fargo Home Rebate Visa ($4,000); Capital One Quicksilver ($6,000); Capital One Venture ($5,500); Discover it ($3,600); Macy's ($20,000); BrandsMart ($4,000); Banana Republic ($1,200); Lowes ($12,000); Amex Everyday ($27,000); Macy's Amex ($14,000); Amex Platinum (NPSL); Citi Diamond Preferred ($9,000); Chase Freedom ($9,000)
Message 2 of 95
Member

Re: August 2017 closers

Here's me!

 

Purchase Price - $209,000

Signed Contract - February 17, 2017

Location - North Carolina

Property Type - Single Family Home

New or Existing - New Construction

Loan Type - 30 year fixed 

Loan Rate - Edit: 4.00% locked in on 6/28

Pre-approval - January 21, 2017

Appraisal - TBD

Clear to Close - TBD

Closing Date - August 24

Closed on - TBD

 

Crossing my fingers.  I have a thin credit file, it makes me nervous even with the pre-approval.

I'm also applying for a Mortgage Credit Certificate, which is amazingly helpful if I get it.

9/2016 EQ794/TU789/EX812
Mortgage Scores: EQ795/TU786/EX818
2 cards, 18k limit
Message 3 of 95
Senior Contributor

Re: August 2017 closers

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 - 4.125%

Pre-approval - June 23, 2017

Appraisal - July 12, 2107 - $309,900

Clear to Close - August 10

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!

 

edit: Added interest rate and appraisal date.

edit: 7/20 Appraisal came back at purchase price

edit 7/10 Clear to Close


Message 4 of 95
Member

Re: August 2017 closers

***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!!!! Smiley Very Happy

Message 5 of 95
Member

Re: August 2017 closers

Hi, Everyone!  Really excited to finally get to do this!

 

Purchase Price: $190,000
Signed Contract: 7/2/2017
Location: Atlanta, GA
Property Type: Townhouse
New/Existing: Existing
Type of Loan: 30YR Fixed FHA
Loan Rate: 4.25 
Pre-Approval: 5/23/2017
Appraisal: TBD
Clear to Close: TBD
Closing Date: 8/09/2017
Closed On: TBD

Message 6 of 95
Regular Contributor

Re: August 2017 closers

Got my clear to close today!

Message 7 of 95
Community Leader
Super Contributor

Re: August 2017 closers


MrPTato 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 neighborSmiley Wink.. Following and keeping fingers crossed for you that everything goes smoothly...

Message 8 of 95
Frequent Contributor

Re: August 2017 closers

Purchase Price: $294,900
Signed Contract: 7/1/17
Location: WI
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: 30YR Homebuyer's Choice from NFCU
Loan Rate: 4.625
Pre-Approval: 6/20/17
Appraisal: completed 7/12/17
Clear to Close: TBD
Closing Date: 8/15/17
Closed On: TBD

 

Thanks to this forum I was able to rebuild my credit a few years ago up into the 800's and also had to rebuild my fiance's.  This mortgage forum also offered a lot of insight and helped me figure out the mortgage process.

Message 9 of 95
Senior Contributor

Re: August 2017 closers


Yes-Its-Me wrote:

MrPTato 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 neighborSmiley Wink.. Following and keeping fingers crossed for you that everything goes smoothly...


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.


Message 10 of 95