Well, its a story in the making as we haven't closed yet.
When we first started looking got a recomendation for an agent. Unfourtunately right after we talked the first time, she broke her foot and she was out of the game. She passed me on to a collegue. Upon meeting him the first time, I didnt like him. A floppy hand shake, didn't offer any information on the house that we met at, tried to talk us out of it right away, then gave us some papers on it and left after he waited for us to walk around in side. He left us standing there in front of a house. As far as I was concerned he was fired before we even hired him.
Got a lead from my GF's dad that a guy he plays soccer with is an agent and would see if he knew anyone in the area of town we were looking in. As it turns out, his friends office is in the area we were looking. This guy was nothing short of amazing! He answers every call right away, emails me quickly. never leaves me guessing and is willing to take the time to explain this to me, and never trys to rush me. He made me forget that he has other clients, I literally feel like I'm his only client and am only reminded of the others when he responds to an email with a text message that reads, "In a closing, call you in a few." He even showed me and my GF the house seperatly one day oafter the other since me and her have opposite work schedules. She works teacher hours, I work 3:30 to Midnight. He is genuine, and talks to me like a normal person, not like he has some magic powers that I should be greatful for. He even pays for drinks after the closing. lol. He drove us around for a few hrs one day looking at houses before I even had my pre approval in my hand. He showed us houses all over the area of all different types so we could get a good grasp on what we wanted. He said it was learning day. We would all be educating each other as to what we are looking for and what we want.
Anyway, we havent closed yet but here are the dates so far...
November 14, 2011 – Drive by look
November 15, 2011 – I looked at house with realtor
November 16, 2011 – GF looked at house with realtor
Put offer on house $90k + 4% Seller Assist
Put down $1000 earnest money
Applied for mortgage, middle score 635
November 17, 2011- Received and accepted counter offer $98k + 4% Seller assist
Expected closing 1/6/2012 (As per contract)
Repulled score after talking to First Premier, middle score 662,
Faxed docs to LO
November 18, 2011- Received signed copy of contract
Received mortgage approval from LO
Ordered appraisal
November 21,2011 - Ordered Home Inspection
November 27, 2011 - Home Inspection Completed - Found fridge not working, dishwasher floods floor, roof vent needs replaced, a few other small items.
Passed radon test and pest inspection
December 2, 2011- Sent letter to seller asking for $2500 in Lowes gift cards to repair/replace the items found in inspection. Asked for gift cards as I am maxed out on allowable seller assist.
December 5, 2011- LO got a look at the appraisal it came in at $100k with no repairs needed.
Seller agreed to $2500 in gift cards at closing. Sent signed adendum back for final signatures
Sent more documents to LO. Should be out of underwriting in a week. Still looks goo to be closed by Christmas.
December 8, 2011- File went through underwrting. UW wants to see the lien has been released and filed with the courts, then will send the file to USDA.
Proccessor is impressed with how fast I have been getting conditions met and has moved the closing up 2 weeks to 12/23/11
UW accepted the appraisal
December 12, 2011- Sent file copy of Lien satisfaction to the UW. Transfered all utilities to my name as of 12/23/2011.
December 16, 2011 - File passed underwriting and was sent to USDA.
December 20, 2011 - I didn't here anything from the proccessor so I called the USDA to see where my file was. Talked to the woman who was reviewing it and she said she was waiting on a document from the lender. Told her I would take care of it. Called teh lender and lit a fire under his ass to call her and get what she needed
Decemebr 21, 2011- File came back from USDA and got my "Clear to Close" from the lender. Then found out the house failed dye test because the inspector couldnt find the sewage vent in the yard.
December 22, 2011- Met my realtor at the house at 8am. We located the vent, and went to the sanitation authority office. Talked to the manager and asked him what he wanted done. He had his inspector meet us at the house and he told us what he wanted. Long story short, my self and my realtor dug a hole in the yard, replaced and extended the sewage vent and replaced the vent cap.
December 23, 2011- WE CLOSED! EVERYTHING CAME TOGETHER IN THE 11TH HOUR AND WE CLOSED AT 1PM
When scores were first pulled, I found that First Premier was reporting a 180day late in Oct of 2010 on an account that was charged off in 06. I paid the balance, and called a corprate contact that I found. She said she would look into it. On the morning of 11/17/11 she called me back and said she did see the problem and that she updated the balance to zero as I just paid it, and corrected the 180 day late. I then pulled my new report and saw that it was corrected. Later that day the LO said he sent the file to underwriting and that they would need proof that it is paid off, that an old tax lien is paid off, and a personal loan that has not reported yet, is also paid off in addition he would have to get an exception since my score was under 640. I asked if he could repull my credit. He said he could and I explained why. When he pulled it, he almost fell out of his chair and exclaimed, "Holy crap! it jumped to 662! You are golden. I just need proof of payoff for the lien and the personal loan". I faxed it over and we talked about the process and details.
Now I am wating on the appraisal and inspection. Getting antsy...I want to be in my house..... I will update this as things happen, but so far everyone involved is expecting this to go very smoothly as everything is already in place. We shall see...
ETA: We closed. I own the house and it still hasnt sunk in yet. I hope some one here finds this little chronical of my USDA purchas helpful in some way. At closing I eneded up getting $440 back. Incase anyone asks heres the break down of my deal.
Purchased house for 98k with 4% seller assist. I financed the garantee fee which brought the total loan amount to $100k.Took .125% lender credit which covered $1100 in closing costs. I put $1000 in earnst money when I made the first offer on the house. I paid $400 for inspection out of my pocket. At closing I got $440 back. So I came in at $960 out of pocket to buy a house via USDA. After Principal, Interest, Taxes, Insurance, etc, my total due every month is $728. My rate is 4.25% witha middle score of 662.
If anyone has any questions, please feel free to ask as I am willing to do what ever I can to help.
BK7 Filed 6/4/18
341 7/13/18
SCORES
7/19/18 Pre Discharge TU 8 572 EX 8 566
