Mortgage Loans

[playboy]

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.

[bobebob]

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.

[BCullum]

• 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".

[bobebob]

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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.

[MovingForward_2012]

Congrats!

[ibranche]

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

Anyone else in a similar boat?

[dricedad]

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!

[BCullum]

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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".

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Closed 2/20/12 @ 6:00pm

[MovingForward_2012]

Woo hoo! :-)