Starting Score: EQ 622, TU 676, EX 643 (mtg lender pulls) 2/1/12
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
- 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
- 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
- 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!
- 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. 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.
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!
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