December 2017 Closers

Anonymous · ‎11-26-2017

Purchase Price: $198,000 (seller contributing 3% to buydown)
Prequalified: 9 Oct 2017
Signed Contract: 27 Oct 2017
Location: Florida
Property Type: Single Family Home
New/Existing: Existing
Type of Loan: NACA ( Conventional Mortgage )
Loan Rate: 1.063% 30 Year Fixed
Appraisal : 21 Nov 2017 ( Came in $5,000 over )
1st Closing Date: 27 Nov 2017
2nd Closing Date: 29 Nov 2017
3rd Closing Date: 1 Dec 2017
Clear to Close: TBD
Closed On: TBD

Anonymous · ‎11-26-2017

Purchase Price: $284,900
Signed Contract: 10/5/2017
Location: New Bedford, Mass
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: MassHousing with no MI
Loan Rate: 4.675%
Pre-Approval: 9/5/2017
Appraisal: 10/21/2017 (286,000)
Clear to Close: 11/7/2017
Closing Date: 12/15/2017(contingent on owner finding new housing)
Closed On: 12/15/2017
EDIT:
As of December 13th we are still scheduled to close on the 15th. We received our closing disclosure and it's about $800 cheaper than the estimate. Walkthrough scheduled for the evening of December 14th. Our credit scores have not been checked again since our pre-approval in early September.

Anonymous · ‎11-26-2017

Purchase Price: $218,000
Signed Contract: 10/27/2017
Location: New Hamphire
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: FHA 3.5%
Loan Rate: 4.5

Pre-Approval: 07/01/17 ( we have been preapproved 3x! We have been looking for over 8 months the market is crazy here.
Appraisal: 10/21/2017 (220,000)
Clear to Close: 11/22/2017
Closing Date: 11/30/2017
Closed On: TBD

Anonymous · ‎11-27-2017

We closed Friday, 12/15/17, and we're almost moved in. This week has been a very busy week with contractors and furniture delivery in and out of our home. Exccccited!!!!!

_________________

Sales Price (before options/design/upgrades): $428,990

Sales Price (after options/design/upgrades): $506,028
Prequalified 1 of 2: 24 Feb 2017
Signed Contract: 27 Feb 2017

Prequalified 2 of 2: 13 Sept 2017
Loan Commitment: 14 Oct 2017
Location: Texas
Property Type: Single Family Home
New/Existing: New Construction (Custom Home)
Type of Loan: VA Home Loan
Loan Rate: 3.875%

1st Rate Locked: 2 Nov 2017 (30-day rate lock)

1st Rate Lock Exp: 1 Dec 2017

-- builder is paying the rate lock until home is completed since the 1st one expired --

2nd Rate Locked: 1 Dec 2017 (15-day rate lock)

2nd Rate Lock Exp: 18 Dec 2017

Appraisal 1 of 2: 2 Nov 2017 at 85% complete
Appraisal 2 of 2: 22 Nov 2017 at 90% complete

Appraisal Amt on 24 Nov 2017: $508,000

NOTE: Appraiser wants to come back by the home at 95% complete to see carpet, back porch steps and front double doors installed
1st Closing Date: 20 Oct 2017
2nd Closing Date: 17 Nov 2017
3rd Closing Date: 28 Nov 2017

4th Closing Date: 1 Dec 2017

5th Closing Date: 12 Dec 2017 - builder still isn't finished with home. As of 12/2/2017, they are paying our daily lock rate until completed.
Clear to Close: 1 Dec 2017
Closed On: 15 Dec 2017

wife2froggy · ‎11-27-2017

Purchase Price: $101,000 (with $4,000 seller paid closing)
Prequalified: 24 Oct 17
Signed Contract: 14 Nov 17
Location: Illinois
Property Type: Single Family Home
New/Existing: Existing
Type of Loan: FHA
Loan Rate: 4.75% fixed
Appraisal : 27 Nov 17

In Underwriting: 15 Nov 17

Closing Disclosures Delivered: 6 Dec 17
Intended Closing Date: 18 Dec 17
Clear to Close: 13 Dec 17
Closed On: 18 Dec 17 Woo Hoo!

On the road!
FICO 8 6/15/17 EQ 591 // TU 570 // EX 606

FICO 8 03/15/2021 EQ 702 // TU 700 // EX 699

Anonymous · ‎12-06-2017

So excited to finally add myself to this post... after 1.5 years of rebuilding credit! I was afraid to add sooner because I was super stressed that something would go wrong, but I used a lender that was recommended on this site, and he couldn't have been better! I will forever be grateful to him!

Purchase Price: $235,000 (seller contributing $7,000 to Closing Costs)
Prequalified: Oct 23 2017
Signed Contract: Nov 9 2017
Location: Virginia
Property Type: Single Family Home
New/Existing: Existing
Type of Loan: VA Loan
Appraisal : Nov 21 2017
1st Closing Date: Dec 15 2017
2nd Closing Date: Dec 11 2017
Clear to Close: Dec 5 2017
Closed On: TBD

Anonymous · ‎12-06-2017

EDIT: We closed on December 28th! Received a last minute credit the day of closing and which lowered our cash to close by $500!

Received our CD and CTC today! We have to wire the cash to close funds to the title company by 12/27 for our closing on 12/28!

Purchase Price: $400,500 (builder contributed $18K toward closing costs) (Actual loan amount is $393,425)
Prequalified: February 25, 2017
Signed Contract: February 18, 2017
Location: Maryland
Property Type: Townhome - 4 story
New/Existing: New Construction
Type of Loan: FHA
Loan Rate: 4.125% - 30yr Fixed (This includes $5100 in lender credits. If we did not do the credits, the rate would be 3.9%)
Appraisal : October 27, 2017 at $405,000
1st Closing Date: December 22, 2017
2nd Closing Date: December 28, 2017
Clear to Close: December 22, 2017
Closed On: December 28, 2017

This has been the LONGEST process ever! You can see my sig for data points on credit score. At the time of re-application in September, my mid-score was 649 and my husband's was 662.

Anonymous · ‎12-06-2017

Purchase Price: $192,000 (refinance)
Signed Contract: n/a
Location: Illinois
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: Conventional Refi
Loan Rate: 4.0
Pre approval: 11/21/2017
Appraisal: Waived By Bank (I estimated at $235,000 and they accepted based on comps)
Clear to Close: 11/29/2017
Closing Date: 12/05/17
Closed On: 12/05/17

Income: $155,000
Fico Mortgage : 780 (Wife) 750 (me)
DTI: 20% +/-

Anonymous · ‎12-09-2017

I haven't been active here in a while, and tend to only comment on the Credit Card board, but I'm thrilled to be able to add my closing to the list! Special thanks to the forums for the posts about getting into Navy Federal earlier this year, as I ended up getting my mortgage through them!

Purchase Price: $224,900 (seller contributing $2,000 to closing costs)
Prequalified: 19 Oct 2017
Signed Contract: 7 Nov 2017
Location: Washington
Property Type: Single Family Home
New/Existing: Existing
Type of Loan: Conventional, 30yr Fixed
Loan Rate: 4.375 (4.399 APR) With 0 Points or Origination Fees
Appraisal : 28 Nov 2017 (only $100 over Sale Price, cutting it close!)

Clear to Close: 6 Dec 2017
Closing Date: 13 Dec 2017
Closed On: TBD

Lender is NFCU, their conventional fixed rate product. I went with them due to their no PMI policy on conventional loans, not aware of any other lender offering that, plus seemingly decent terms, guaranteed servicing for the life of the loan, etc. My down payment is around 18% so I may have been able to push over 20% with another lender for PMI, but this makes it much less stressful, plus I was preapproved to 240k and looking more in that range initially so 20% would have been more difficult.

Scores at time of applying were EQ 732, TU 789, EX 807 (mortgage scores according to my 3B report, that EQ score hurts a little). FICO 8s were EQ 763, TU 763, EX 780. My file is a bit thin, no loan history only credit cards, and my oldest card is 4 yrs (not including a 20yr AU card), so I was a little nervous, and I suspect my interest rate took a decent hit as a result. But I was just thrilled to be approved, and now clear to close, from a good reputable lender.

Anonymous · ‎12-11-2017

Closed today!! I used ShaneTheMortgageMan from this site as my lender.... I cannot say enough about how amazing he was. My VA loan probably wasn't the easiest, but I never felt like it wasn't going to get done... with 625 Mid morgage score and a CAIVRS record I didn't know about were navigated with ease by Shane. He was very responsive and informative through out the entire process... I'm a homeowner for the first time!

Purchase Price: $235,000 (seller contributing $7,000 to Closing Costs)
Prequalified: Oct 23 2017
Signed Contract: Nov 9 2017
Location: Virginia
Property Type: Single Family Home
New/Existing: Existing
Type of Loan: VA Loan
Appraisal : Nov 21 2017
1st Closing Date: Dec 15 2017
2nd Closing Date: Dec 11 2017
Clear to Close: Dec 5 2017
Closed On: 12/11/2017