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It's Official - I have massive debt =)

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Sup3Rmari0
Established Member

It's Official - I have massive debt =)

I closed yesterday! Third time was a charm. Smiley Happy

 

Home Location: Texas
Purchase Price: $188k
Property: Townhouse - 2000 sq ft
Submitted Offer on: 10/30
Signed Contract on : 10/30

Lender Name: BBVA
Notes about Lender: No issues - but I did feel a bit out of the loop even after asking multiple times for information.
Type of Loan: FHA 30 Yr Fixed - 
Loan Rate: 4.875  declined the offer for a lower--4.6-- rate by opening an account
Loan Application submitted: 10/ 30 (Technically I applied with them three times...so they had most of my info when I applied the third time)
Appraisal Completed: 11/15 (took about 9 days)
Underwriting: 
Loan Approved w/conditions: Had to submit letters of explanation
Final Approval: go the clear to close 11/ 22
Closing Date: 11/27 then bumped to 12/2 due to missing insurance document
CLOSED: 12/2 - Merry Xmas!

Message 1 of 4
3 REPLIES 3
pizza1
Community Leader
Super Contributor

Re: It's Official - I have massive debt =)

Very nice!!! Congrats! Can't wait till I can post about an approval! I have 2/3 yrs yet to go. I'm only 3 months post chap 7 bk
Message 2 of 4
DallasLoanGuy
Super Contributor

Re: It's Official - I have massive debt =)

congrats

 

Retired Lender
Message 3 of 4
anca21bi
Frequent Contributor

Re: It's Official - I have massive debt =)

Can I ask, what were the conditions or letters you had to explain?
Message 4 of 4
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