Figured I would kick off the 1st closers thread of 2015!
Home Location: Essex County, NJ
Purchase Price: $150,000
Property: Single Family Rowhome, 1750 sq. ft, 3 bedroom-2 bath
Submitted Offer: 11/17/2014
Signed Contract on : 011/28/2014
Lender Name: Capital One
Type of Loan: Conventional 30 year fixed
Loan Rate: 4.125%
Application submitted: 11/22/2014
Loan Commitment: 12/2/2014
Appraisal Ordered: 12/31/2014
Appraisal Completed: 1/6/2015
Underwriting: 1/9/2015
Final Approval: 1/13/2015
Closing Date: 1/14/2015
Since the property was in a specifc area, the lender offers a community loan product that has no mortgage insurance, comes with a $6K closing cost grant, and a refund of the mortgage app fee. I only came out of pocket about $100 over and above my downpayment since the closing cost grant covered nearly all of it. I had an excellent mortgage banker and her processor was all kinds of awesome.
Current Score: TU: 674 | EQ: 722 | EX: 717 | Last Inq. 2/16/15...Locked Up in The Garden
I'm a little late posting my January's status.
Home Location: Fate, TX
Purchase Price: $212,990 (VA appraisal came in $8K less than offer -- lender accepted VA appraisal).
Property: Single Family, 1784 sq. ft, 3/2/2
Submitted Offer: 12/15/2014
Signed Contract on: 01/27/2015
Lender Name: DHI Mortgage (DR Horton)
Type of Loan: VA, 30 year fixed
Loan Rate: 3.25%
Application submitted: 12/15/2014
Loan Commitment: 12/2/2014
Appraisal Ordered: Expedited
Appraisal Completed: 1/2/2015
Underwriting: Expedited
Final Approval: Expedited
Closing Date: 1/27/2015
Best of luck to all!
Starting Score: 570