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December 2016 closers???

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mvnup2017
Established Member

Re: December 2016 closers???


@gsully00 wrote:

@gsully00 wrote:

Purchase Price: $273,300 (with $8000 in seller concessions + 2% towards closing costs) 
Signed Contract: 06/24/2016
Location: Mesa, AZ
Property Type: Single Family
Type of Loan: VA (with 660 mid score, mine is 680)
Loan Rate: 3.625%
Appraisal: 11/20; $275,000

Cleared to close: TBD

Final Walk through: 12/6/2016

Closing Date: 12/06/2016
Closed On: ?

Also was able to get realtor to give 2% concession which paid down purchase price (or VA funding fee, whichever way you look at it)

Funds to bring at closing: $181.00


Received our final closing docs and the $181.00 estimate is now a final of -$447 that is a credit, I'm getting back most of my $500 earnest deposit.


Nice. Do you mind if I ask what changed/went down from the original loan estimate?

Message 11 of 45
MauiMan85297
Established Contributor

Re: December 2016 closers???

Closing.png

 

Apparently they just estimated high, my original LO said that I could get back my entire $500 earnest deposit because VA doesn't require a DP.

 



Message 12 of 45
MauiMan85297
Established Contributor

Re: December 2016 closers???

I got the clear to close today- WooHoo!  Dec 6th is move day



Message 13 of 45
Anonymous
Not applicable

Re: December 2016 closers???


@gsully00 wrote:

I got the clear to close today- WooHoo!  Dec 6th is move day


Congrats! 

Message 14 of 45
Anonymous
Not applicable

Re: December 2016 closers???

I am closing on Wednesday December 7, 2016. 

Message 15 of 45
Anonymous
Not applicable

Re: December 2016 closers???

Purchase Price: $258,000 (with $5600 in seller paid closing costs) 
Signed Contract: 11/1/16
Location: La Vernia, TX 
Property Type: Single Family
Type of Loan: FHA 30yr fixed
Loan Rate: 3.625
Appraisal: $263,000 on 11/20/16

Cleared to close: 11/30/16

Final Walk through: Noon on 12/7/16

Closing Date: 12/07/2016 at 2pm
Closed On: Pending

Message 16 of 45
MauiMan85297
Established Contributor

Re: December 2016 closers???

 

Purchase Price: $273,300 (with $8000 in seller concessions + 2% towards closing costs) 
Signed Contract: 06/24/2016
Location: Mesa, AZ
Property Type: Single Family
Type of Loan: VA (with 660 mid score, mine is 680)
Loan Rate: 3.625%
Appraisal: 11/20; $275,000

Cleared to close: 12/03/2016

Final Walk through: 12/6/2016 @ 9am

Closing Date: 12/06/2016 @ 12pm
Closed On: ?

Also was able to get realtor to give 2% concession which paid down purchase price (or VA funding fee, whichever way you look at it)

Funds to bring at closing: -$447 (credit back to me)

 

They said they did a credit refresh on Thursday and everything is a go, got another email 3 hours later that said:

 

Congratulations, your loan documents have been emailed to the closing agent!  They will contact you to sign these documents with a notary to complete the loan process.

 

If required...you will need to bring your final funds to escrow through a wire or cashier's check.  Your Closing Agent will connect with you directly on those items.

 

Please don't hesitate to reach out to me with any questions!woohoo.jpg



Message 17 of 45
MauiMan85297
Established Contributor

Re: December 2016 closers???

Purchase Price: $273,300 (with $8000 in seller concessions + 2% towards closing costs) 
Signed Contract: 06/24/2016
Location: Mesa, AZ
Property Type: Single Family
Type of Loan: VA (with 660 mid score, mine is 680)
Loan Rate: 3.625%
Appraisal: 11/20; $275,000

Cleared to close: 12/03/2016

Final Walk through: 12/6/2016

Closing Date: 12/06/2016
Closed On: 12/06/2016 @ 11:30a

Also was able to get realtor to give 2% concession which paid down purchase price (or VA funding fee, whichever way you look at it)

Funds to bring at closing: Received $427.00 back at closing

 

That's the final chapter of my journey



Message 18 of 45
mvnup2017
Established Member

Re: December 2016 closers???


@gsully00 wrote:

Purchase Price: $273,300 (with $8000 in seller concessions + 2% towards closing costs) 
Signed Contract: 06/24/2016
Location: Mesa, AZ
Property Type: Single Family
Type of Loan: VA (with 660 mid score, mine is 680)
Loan Rate: 3.625%
Appraisal: 11/20; $275,000

Cleared to close: 12/03/2016

Final Walk through: 12/6/2016

Closing Date: 12/06/2016
@Closed On: 12/06/2016 @ 11:30a

Also was able to get realtor to give 2% concession which paid down purchase price (or VA funding fee, whichever way you look at it)

Funds to bring at closing: Received $427.00 back at closing

 

That's the final chapter of my journey


Congratulations. Enjoy getting settled into your place. 12/22 can't come quick enough for me.

Message 19 of 45
mvnup2017
Established Member

Re: December 2016 closers???


@mvnup2017 wrote:

Housing Type: New construction

Purchase Price: $275,380 (with $6000 in seller paid closing costs) 

Signed Contract: 09/13/16

Location: Raleigh, NC

Property Type: Single Family

Type of Loan: FHA (mid score of 630)

Loan Rate: 4% (locked 2 weeks ago when rates started rising) :-\

Appraisal: TBD

Cleared to close: TBD

Final Walk through: 12/16/16

Closing Date: 12/22/2016

Closed On: TBD

 

 

I have watched these posts come and go each month, impatient, daydreaming, wishing for the day and it is finally here. I'm a single mom and this is a new construction home with Pulte mortgage/Centex homes. My scores were in the 400's a year and a half ago, rebuilt for a while and finally about to close on my first home.


Appraisal came back at $280,000 - loan is for $270,000 so not sure if that means I have $10k in equity? 

Message 20 of 45
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