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March 2015 CLOSERS!!!!

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NewbieReed
Frequent Contributor

First-time homebuyer- march closing may be possible!

Home Location: Kyle, TX (just outside of Austin, TX)

Purchase Price: $154,000.00

Property: House - 2043 sq ft ::  Guest House - 1,010 sq ft

Submitted Offer on: 1/19/2015

Signed Contract on: 1/23/2015

Ernest (Deposit) Money:  $1570

Lender Name:  SECURITY NATL MORTGAGE  then PRNM Mortgage  Now:  iMortgage

Notes about Lender: Three lenders later, I just want it all to be over! Smiley Wink  [PRNM were not communicative, took over 28 days to receive an appraisal; we left them to go to iMortgage]

Type of Loan: Conventional 30-year fixed - 5% Down

Inspection: Completed 1/29/2015-Minor things ($1K for termite treatment), Seller conceded to pay $1K in closing

Purchase contract addendums: Curtains in home go to seller, leaseback through April 15, seller contribution to closing

Loan Rate: 4.0175%

Application submitted: SEVERAL times in different offices

Loan Processing: Who knows?

Mortgage Commitment Letter:  

Appraisal Ordered:  Several times over

Appraisal Completed: 3/6/15 --> FINALLY

Went to underwriting: 3/23/2015-after gift letters, divorce decree issuance, etc

Underwriting Complete: PENDING

Final Approval: 
Walk Through: No such thing Smiley Happy

Closing Date: Scheduled for 3/25/15 but realistically, Im counting on 3/27

Starting Score: 526 EXP 09/2012 600 FICO 10/2012 608 EX (lenderpull)11/2012
Current Score: 705 FICO TU (10/2014)Take the FICO Fitness Challenge
Message 221 of 250
Anonymous
Not applicable

Re: First-time homebuyer- march closing may be possible!

WOOHOOO!!!! Got the clear to close. Closing tomorrow at 4. I am quietly doing the happy dance at my desk at work.

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wagsk1
Regular Contributor

Re: First-time homebuyer- march closing may be possible!

Closed!!!!!!!!!!!!!!!!!!

And the wife and I ate half of the candy in the candy bowl in the conference room. Ha

Message 223 of 250
Anonymous
Not applicable

Re: First-time homebuyer- march closing may be possible!


@wagsk1 wrote:

Closed!!!!!!!!!!!!!!!!!!

And the wife and I ate half of the candy in the candy bowl in the conference room. Ha


Congratulations!!!!!

Message 224 of 250
Anonymous
Not applicable

Re: First-time homebuyer- march closing may be possible!

Soooo, just got a call from my realtor. The sellers are not available tomorrow to sign the paperwork. So we can either sign at 4 tomorrow (and wait to get our keys Thursday) or wait until Thursday when the seller is available and sign then. Seriously!!!! I had to laugh and told her that is just how things go with us. Smiley Wink

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ethan17debttackler
Regular Contributor

Re: March 2015 CLOSERS!!!!

Great stories on this thread!....and some of the frustrating strories are easy to relate to...

Anyway, we closed on a home in SoCal yesterday!! What uuuuup?! Finally!! Escrow is definitely a lesson in PATIENCE.

 

Congrats to all March closers!!

>



Message 226 of 250
Anonymous
Not applicable

Re: March 2015 CLOSERS!!!!

Ok we got the 830am call this morning from my L.O. WE ARE USDA  APPROVED AND WILL CLOSE 3/31/15

Message 227 of 250
Anonymous
Not applicable

Re: March 2015 CLOSERS!!!!


@Anonymous wrote:

Ok we got the 830am call this morning from my L.O. WE ARE USDA  APPROVED AND WILL CLOSE 3/31/15


Congratulations!!! We are headed over to our closing in about an hour!!

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Believe1970
Regular Contributor

Re: March 2015 CLOSERS!!!!

Home Location: Upstate NY

Purchase Price: $135,000

Property: Townhome - 1800 sq ft

Submitted Offer on: 01/23/2015

Signed Contract on: 01/24/2015

Ernest (Deposit) Money: $1000

Lender Name: Quicken Loans

Notes about Lender: Friendly and easy to work with

Type of Loan: FHA

Inspection: 1/31/2015

Purchase contract addendums: 02/07/2015

Loan Rate: 3.99

Application submitted: 02/05/2015

Loan Processing: 

Mortgage Commitment Letter:  2/23/2015

Appraisal Ordered:  02/06/2015

Appraisal Completed: 02/11/2015

Went to underwriting: 02/06/2015

Underwriting Complete:  3/20/2015

Final Approval: 03/25/2015
Walk Through: 03/27/2015

Closing Date: Scheduled for 03/27/2015

 

Got the clear to close today. Final walk through Friday at 12:00 pm and closing is scheduled for 1:00 pm. Fingers crossed.

Mortgage:

Auto Loan:

Credit Cards:
Message 229 of 250
Anonymous
Not applicable

Re: March 2015 CLOSERS!!!!

We have closed!!!!! Seller signing tomorrow at 10, house is officially ours at 10:30. We already have keys!!! So glad this stressful mortgage journey is over. Our first stop was home depot when we left the title company. LOL Can't wait to hear everyone's elses journey ending in closed!!

 

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