Reply
Regular Contributor
playboy
Posts: 208
Registered: ‎04-15-2009
0

Re: January and February

I'm back bc I cleared UW today receiving final approving making me clear to close.

 

  • Purchase Price:  $178K (originally about $190k)
  • Property: 1700 square feet - Single Story - Built in 2013
  • Toured house on: 01-5-2013 (Was still sticks and bricks, no drywall)
  • Submitted Offer on: 01-6-2013
  • Signed Purchased Contract on : 01-6-2013
  • Type of Loan: USDA Guaranteed
  • Loan Rate: 3.75%
  • Loan Application submitted:  01-5-2013
  • Loan Approved: Yes.  Final approval was 2-12-13
  • Closing Date: 02-28-2013 but I may close a day earlier.  Depends on the inspection.

Starting Score: EX 575/TU 534/EQ 570
Current Scores per Myfico: (As of 12-14-13) EX 690/EQ 685/TU 679
Goal Score: 720


Take the myFICO Fitness Challenge

Regular Contributor
bobebob
Posts: 246
Registered: ‎08-14-2011
0

Re: January and February

Closing date set for this Friday on my refi.

 

$155,000 @ 2.875% for 15 year fixed.

 

First call to broker was 1/25.  Three weeks start to finish.

 

I'm happy.  I'll get my mortgage paid off about a year earlier and save about $18,000 interest.

bobebob || Sept: My FICO SW EQ(Upgraded Version) = 833 ||Sept: Walmart TU Fico=838Goal = FICO's>800 || In my wallet: CostcoAmEx(20k), DCU Visa Platinum (10k), BoA Visa Signature (17.1k), Walmart Discover (7.5k), AmEx Corporate (5k). All PIF every month.
New Contributor
BCullum
Posts: 157
Registered: ‎01-09-2013
0

Re: January and February

 

 

  • Purchase Price:  $246k  
  • Down Payment: $80k
  • Property: Single Family - 2895 sq ft
  • Toured house on: 12-22-12
  • Submitted Offer on: 12-29-12
  • Signed Purchased Contract on : 12-29-12
  • Type of Loan: Conventional
  • Loan Rate: 3.625 %
  • Loan Application submitted:  1/3/12
  • Loan Approved: Still in underwriting waiting on final approval
  • Closing Date: 2/20/12
  • Closed On: waiting on the glorious words "Clear to close"

 Its taken so long because we had to wait till my wife started her job so they could do a VOE. Was suppose to hear something yesterday, called my LO twice today inquiring about my loan status. He said the loan processor was out of the office but he would ask her manager. "twirls thumbs nervously".

Lender Pull EQ 745 EX 734 TU 722
Regular Contributor
bobebob
Posts: 246
Registered: ‎08-14-2011
0

Re: January and February


bobebob wrote:

Closing date set for this Friday on my refi.

 

$155,000 @ 2.875% for 15 year fixed.

 

First call to broker was 1/25.  Three weeks start to finish.

 

I'm happy.  I'll get my mortgage paid off about a year earlier and save about $18,000 interest.


 

The closing completed as scheduled. 

 

I figured everything was good earlier in the week when I got a survey from BofA, my old mortgage, about their mortgage service.

 

I gave them good marks for everything except their rates on loans.  I wouldn't have come close to the deal I got if I went through them.

bobebob || Sept: My FICO SW EQ(Upgraded Version) = 833 ||Sept: Walmart TU Fico=838Goal = FICO's>800 || In my wallet: CostcoAmEx(20k), DCU Visa Platinum (10k), BoA Visa Signature (17.1k), Walmart Discover (7.5k), AmEx Corporate (5k). All PIF every month.
Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012
0

Re: January and February

Congrats!
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! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
New Member
ibranche
Posts: 10
Registered: ‎02-21-2013
0

Re: January and February

My LO submitted our USDA application on 1/25. We are STILL waiting. According to the status hotline they have been on my date since Friday. Our closing is supposed to be this Friday. We may not get our house :smileysad:

Anyone else in a similar boat?
Valued Member
dricedad
Posts: 42
Registered: ‎04-06-2010
0

Re: January and February

We Closed on Valentines Day! No money due at closing and got $502.00 back.  We were due to get $$852 but there was a mix up and they put $350 on the loan principal to avoid delaying the closing.  I thank God daily that he has allowed our dream of homeownership to finally come to pass!

New Contributor
BCullum
Posts: 157
Registered: ‎01-09-2013
0

Re: January and February


BCullum wrote:

 

 

  • Purchase Price:  $246k  
  • Down Payment: $80k
  • Property: Single Family - 2895 sq ft
  • Toured house on: 12-22-12
  • Submitted Offer on: 12-29-12
  • Signed Purchased Contract on : 12-29-12
  • Type of Loan: Conventional
  • Loan Rate: 3.625 %
  • Loan Application submitted:  1/3/12
  • Loan Approved: Still in underwriting waiting on final approval
  • Closing Date: 2/20/12
  • Closed On: waiting on the glorious words "Clear to close"

 Its taken so long because we had to wait till my wife started her job so they could do a VOE. Was suppose to hear something yesterday, called my LO twice today inquiring about my loan status. He said the loan processor was out of the office but he would ask her manager. "twirls thumbs nervously".


 

 

Closed 2/20/12 @ 6:00pm

Lender Pull EQ 745 EX 734 TU 722
Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012
0

Re: January and February

Woo hoo! :-)
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! :smileyhappy: Last App: 4/5/13 Gardening until July 2014

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+