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January and February

Regular Contributor

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

Message 61 of 69
Frequent Contributor

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 || Nov: My FICO SW EQ(Upgraded Version) = 822 ||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.
Message 62 of 69
New Contributor

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
Message 63 of 69
Frequent Contributor

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 || Nov: My FICO SW EQ(Upgraded Version) = 822 ||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.
Message 64 of 69
Valued Contributor

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! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 65 of 69
New Member

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 Smiley Sad

Anyone else in a similar boat?
Message 66 of 69
Valued Member

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!

Message 67 of 69
New Contributor

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
Message 68 of 69
Valued Contributor

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! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 69 of 69