YAY! I'm happy to post although I'm still under conditional approval. But; I have all the Faith that my loan will close. 
- Listing Price: $150,000 New Construction Home- Seller will pay $8200 towards closing.
- Property: New Construction/NSP Property
- Submitted offer on: 12/19/2011
- Signed Purchased contract on : 12/19/2011
- Type of Loan: FHA Loan (Citizens Bank)
- Loan Rate: 2.875% no points
- Loan Application submitted: 2/16/2012
- Loan approved: 2/28/2012 (with conditions)
- Committment letter received on: 2/28/2012
- Closing date: no exact date since property is being built (expected to finish 3/31/12)
- Closed on: Not Yet
Starting Score: TU 654 EQ 599
- Listing Price: 124,900 (short sale)
- Purchase Price: 119,400 with seller paying closing cost
- Property: Existing Single family home
- Submitted offer on: January 31, 2012..Seller accepted 02/01/12 but waiting on bank to accept offer. (short sale)
- Signed Purchased contract on :
- Type of Loan: USDA RD Guaranteed ... We have a pre approval letter from Core Finanacial
I have no idea how long this process will take but I am hopeful that we may close by the end of April. We have already overcome a huge obstacle in that the house we are trying to buy was in the final stage of forclosure and set to be auctioned off 03/04/12. We just got news yesterday that they were able to extend the auction date out to 04/05/12 and that further extensions were available if needed : ) This was a huge relief because we were not able to get a response from anyone at Navy Federal (sellers bank). I wrote a few emails to the CEO and other executives and the next day we received news that they were sending paperwork to extend out the auction date.
The Lord has kept me calm through the whole process so far and I am confident that if he wants us in this house he will make it happen. I don't care how long it takes as long as we make it there : )
- Listing Price:$116,000, made an offer for $108,000 - bank accepted the offer and they will pay $2300 towards closing.
- Property: Foreclosed/Fannie Mae (homepath.com) was built in 2007
- Submitted offer on: 1/23/2012
- Signed Purchased contract on :1/27/2012
- Type of Loan: USDA Guaranteed
- Loan Rate: 4%
- Loan Application submitted: 2/3/2012
- Loan approved: 2/21/2012
- Committment letter received on: 2/23/2012
- Closing date: Today 3/1 but.............. it isn't happening! Appraiser didn't recertify the repairs on time. But it's all done now. Submitted Addendum/extension to fannie mae for an extension. They approved it yesterday to close on 3/9
- Closed on: 3/9/2011
Listing Price: Originally listed at 145,900. Reduced to 142,500. Purchase price: 137,500 with seller paying 3k closing costs.
Property Type: Existing. Single family home. 3Br, 2 BA, bonus room, 0.25 acre lot.
Submitted offer on: Feb 18, 2012. Offer accepted Feb 20, 2012.
Signed purchase contract: Feb 18,2012.
Loan app submitted: Feb 27, 2012.
Loan type: USDA Guaranteed.
Loan rate: 4%.
Closing Date: tentatively set for March 30,2012
Loan approval: just went to UW....fingers crossed
Good luck to all my fellow March/April closers!!!!! I'll keep you guys posted!!!! Will be soooo happy to get through UW (hopefully with little or no problems) and to know that my loan is approved...then Ican quit obsessing about that and start obsessing about closing andgetting my keys and moving into "MY" house. This has been a loooong journey for me...this is my first post but I've been lurking on the forums for awhile rebuilding my credit and then, educating myself on the homebuying process...so glad I found this site sending happy and positive closing/approval vibes to all of yall
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