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January and February

Valued Member

Re: January and February


HopefulGardner wrote:
My father and aunt live in Fishers, IN. My dad has the biggest house in his and he paid 200k I think and he moved from NJ with an 800+k house so he was satisfied lol. My aunt just closed last week on a very nice home there for 95k. I told her I hate her lol

Oh my gosh! Fishers? That's about 20 minutes from me, lol. Small world!!

Message 31 of 69
New Contributor

Re: January and February

Yes it is! Like they say we all know someone that knows someone lol SO You are probably a friend of a friend of a friend of a friend!


Starting Score: FICO Lender 7/2012: EQ 598 TU 643 EX 640
Current Score: MyFico 04/14/13 EQ 684 TU 650
01/13/13 Lender EX 677
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Message 32 of 69
Valued Member

Re: January and February


HopefulGardner wrote:

Yes it is! Like they say we all know someone that knows someone lol SO You are probably a friend of a friend of a friend of a friend!


And come to think of it, my realtor lives in Fishers, heck maybe she sold those homes to your family, lol.

Message 33 of 69
Regular Contributor

Re: January and February

I am now a homeowner of my first ever home.  I'm so amazed!

 

Purchase Price: $163,020

Monthly Payments: $988.00 (included escrowed taxes, insurance, and PMI)

Closing Costs: Under $5,000 including down payment, due to builder's contribution.  Includes all appliances, too!
Property: 1500 sq foot new construction, 3 bdrm, 2 bath
Toured house : 12/02/12
Signed Purchased Contract On : 12/14/12
Type of loan: Conventional 3% down
Loan rate: 3.25%
Loan application submitted: 12/17/12
Loan approved: 12/28/12 -- no conditions
Closing date: 1/11/13
Closed on: 1/11/13

 

Once I got over the initial hurdle with the builder contract, everything else went smooth as silk.  Very fast, closing on time, loan approval done bam! bam! bam!.  Now, my back and I are not on speaking terms after 3 days of schlepping boxes, but I am a homeowner for the very first time in my life.  I'm going to have a lot of fun!

Message 34 of 69
Valued Contributor

Re: January and February

Congrats! That was definitely a speedy loan!
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 35 of 69
Regular Contributor

Re: January and February

thank you -- it went very, very smoothly, thanks in part to the stuff I have learned over the last few years here at myFico,com!

Message 36 of 69
Frequent Contributor

Re: January and February


Cloudlb wrote:

thank you -- it went very, very smoothly, thanks in part to the stuff I have learned over the last few years here at myFico,com!


How did you manage to get approved for just 3% on a conventional loan?


Message 37 of 69
Regular Contributor

Re: January and February

good scores (mid score TU 761)  and my local credit union, with whom I already have a car loan, I guess

Message 38 of 69
Frequent Contributor

Re: January and February


Cloudlb wrote:

I am now a homeowner of my first ever home.  I'm so amazed!

 

Purchase Price: $163,020

Monthly Payments: $988.00 (included escrowed taxes, insurance, and PMI)

Closing Costs: Under $5,000 including down payment, due to builder's contribution.  Includes all appliances, too!
Property: 1500 sq foot new construction, 3 bdrm, 2 bath
Toured house : 12/02/12
Signed Purchased Contract On : 12/14/12
Type of loan: Conventional 3% down
Loan rate: 3.25%
Loan application submitted: 12/17/12
Loan approved: 12/28/12 -- no conditions
Closing date: 1/11/13
Closed on: 1/11/13

 

Once I got over the initial hurdle with the builder contract, everything else went smooth as silk.  Very fast, closing on time, loan approval done bam! bam! bam!.  Now, my back and I are not on speaking terms after 3 days of schlepping boxes, but I am a homeowner for the very first time in my life.  I'm going to have a lot of fun!


Congratulations!! Enjoy your new home!

Message 39 of 69
Regular Contributor

Re: January and February

I beg your pardon.  It was 3.5% down.  Still a good deal, I think!

Message 40 of 69