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July & August Closers

Valued Contributor

Re: July & August Closers

HOLY COW LONDON!

 

That is an awesome house at an AWESOME price!!!

 

 

My credit journey has completed. I am currently sitting at 800+ across the board.

I started my journey here years ago, and thanks to MyFico, it really is possible.
Message 21 of 138
Frequent Contributor

Re: July & August Closers


FairCredBen wrote:

HOLY COW LONDON!

 

That is an awesome house at an AWESOME price!!!

 

 


+100   Smiley Happy


Starting Score: EQ 622, TU 676, EX 643 (mtg lender pulls) 2/1/12
Current Score: EQ 743, TU 775 (6/18 MyFico), EX 722 (per CITI approval letter 6/29/12 pull)
Goal Score: New goal: 760+ on all 3


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Message 22 of 138
Established Member

Re: July & August Closers

Serialy Ben, its a nice home with such awsome low price!

 

HHere is where I stand

 

  • Purchase Price:  $105,100
  • Property: Single story ranch style Condo with Finished Basement. 1300 sq + 1300 sq of finished basement Smiley Happy
  • Submitted offer on: 6/18/2012
  • Signed Purchased contract on :6//19/12
  • Type of Loan: Conv
  • Loan Rate: 4.125%
  • Loan Application submitted:  6/20/2012 was pre-approved
  • Loan approved: pre-approved, waiting on final approval
  • Committment letter received on: pending
  • Closing date: in 2 weeks
  • Closed on: Pendng

 

Message 23 of 138
Frequent Contributor

Re: July & August Closers

I'm fighting tooth and nail for the house, really would hate to lose the deal... I can't believe I landed the contract! Lucky thing I'm in Vegas where the market hit rock bottom.... I feel like I'm robbing the bank!
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Current Score: EQ 665 EX 687 TU 695


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Message 24 of 138
Valued Contributor

Re: July & August Closers

LOL, looks like you are too!

 

My credit journey has completed. I am currently sitting at 800+ across the board.

I started my journey here years ago, and thanks to MyFico, it really is possible.
Message 25 of 138
Frequent Contributor

Re: July & August Closers

 

  • Purchase Price:  $161,500
  • Property: Two Story
  • Submitted offer on:5/17/2012
  • Signed Purchased contract on : 5/22/2012
  • Type of Loan: USDA
  • Loan Rate: 3.75%
  • Loan Application submitted:  5/23/2012
  • Loan approved: 6/14/2012
  • Committment letter received on:6/14/2012 
  • Closing date: Scheduled for 6/27/12 will be delayed into July due to USDA backlog Smiley Sad
  • Closed on:7/17/2012

Loan was sent to USDA on 6.14.2012. USDA is running 18 business days behind! This puts us to about the 10th before it even gets looked at at the USDA! I have to be out of my apartment on the 7th no later! This is going to be interesting!

 

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Message 26 of 138
Member

Re: July & August Closers

Hammer the house is gorgeous!! Hope they get to your file soon! 

Message 27 of 138
Established Member

Re: July & August Closers

  •  List Price: 144,500
  • Purchase Price:  $122,500 (seller paying 2% of closing costs
  • Property: Two Story Cape Cod w/ Basement
  • Submitted offer on: 5/21/2012
  • Signed Purchased contract on : 5/23/2012
  • Type of Loan: FHA
  • Loan Rate: 3.75%
  • Loan Application submitted:  5/23/2012
  • Loan approved: 5/30/2012
  • Committment letter received on:
  • Closing date: Scheduled for 7/9, but was told seller wants to close earlier.
  • Closed on: 7/9 Today!!  -  PHEW.  Glad it is over!

 

The process has been so stressful that I truly hope it will be worth it.  I'm even paranoid about posting this now in fear of jinxing anything. Smiley Happy  With dispute comments and lack of transcript coming into play, I was afraid things were not going to come together, but it appears to be so far.  We have had the inspection and the appraiser finish up, so now I guess we are just waiting to go through underwriting.  Not sure if we will be able to close early as the sellers hope, but we'll see. I'm not sure how long this part of the process takes.  I know the appraiser only had one issue which the sellers were taking care of this weekend.  Fingers crossed.   Good luck to everyone else as well.

Message 28 of 138
Contributor

Re: July & August Closers


cahiatt wrote:

I'm going for another. Looking to change schools for my kids with a better yard and neighborhood. Will just rent out our old house.

 

  • Purchase Price:  $182,000
  • Property: Single story ranch, 1582 sq/ft + 1540 sq/ft finished daylight basement.
  • Submitted offer on: 6/1/2012
  • Signed Purchased contract on :6/5/12
  • Type of Loan: FHA
  • Loan Rate: 3.50%
  • Loan Application submitted:  5/28/2012
  • Loan approved: 5/29/2012
  • Committment letter received on:
  • Closing date: 7/13/2012
  • Closed on: Pendng

Traditional seller also. Contributing $3500 to closing and home warranty. Haven't done appraisal yet and am expecting it to come back in the 170's so there will probably be another change in terms soon.


Just got the final OK. Appraisal came back at 187,000 so no problems.  Closing moved up to Monday afternoon. Only conditions were to explain an expense reimbursement and any credit inquiries in the past 12 months. Ended up with $5500 seller contribution due to items needed on inspection and declined the home warranty they offered as it was crap. Still going FHA with 3.5% rate and 1.5pts lender credit. I'm ready to MOVE!




Starting Score: 594 (Dec 10, 2010)
Score: 758 (March, 2013
Goal Score: 730 on all (by end of 2012)

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Message 29 of 138
Established Member

Re: July & August Closers

What state are you in?  We are trying to go USDA and a timeframe would be helpful. 
Thanks!

Message 30 of 138