Mortgage Loans

[my25reasons]

I think I'm clear to close, almost. My LO said "Your loan is approved just waiting on a supplement from the appraiser.". I don't know what that means, but I assume it's minor. Anyone know?

[hometrio]

We applied for a loan on 3/31/12 and the loan processor gave us an estimated closing date of 4/27/12 .  We signed all applications and paperwork, they changed the sign to sold on the lot but now they are questioning an old collection we have on our credit.  I wrote a letter of explanation for USDA but we have not heard back from LP.  Has anyone else had to deal with a third party collection for old repo or auto loan?

[my25reasons]

How much is the collection for?

[tiffany_fc]

Yes i had to do that at the begining of my process and thats what actually took me longer.Not because i didnt have the money it was the debt collectordepending on how they operate some will give you a letter two day after payment but some don't until 30days. which i had to keep calling begging for the letter.that pissed me off.But as long as u can get them to work with you will be fine. U broker was probably counting on them not requesting you to pay off which i dont know why because fha loans are the only loans that dont require.you to pay off collection from my understanding. Im think you shoul be able to close.within 3 week is reasonable. But that why a good broker motto is under promise not over promise!!!I could be wrong but im just going by my experience.Im going with.fha and thats one of the most easiest and it took me 3months

[tiffany_fc]

Congrads!!!!!i cant wait until i get there Im going through WF to did they check your credit at closing?

[my25reasons]

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my25reasons wrote:

I'm scheduled to close mid april. I am anxiously awaiting my for my appraisal to come back and my home inspection is scheduled for monday morning. The waiting has made my week feel like it's been a month long.

Listing Price:  $99,900 - Fannie Mae/Homepath

Property Type: Ranch - 1463 Sq ft

Submitted offer on: Feb 16, 2012. Offer accepted Feb 28, 2012.

Signed purchase contract: Feb 28,2012.

Loan app submitted: Pre-approved 2/1/12

Loan type: FHA 203k NSP

Loan rate: 4.25%. 

Closing Date: 4/25/12

Good luck to everyone!

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Clear to close and I finally have a date! I am closing on the 25th. OMG, I can't wait. This will be the longest 12 days EVER.

[needahome79]

At tiffany_fc not that I could tell. I made sure to pay all my credit cards down and prayed hourly Don't worry your gonna get it

[jb1095]

Tiffany,

I just verified that WF DID NOT pull my credit again just before closing as I closed on my home Friday afternoon.

[StrateUp]

I fired my agent today for not doing anything she says she is going to do.

Today is day 120 after the offer was accepted. I'm looking at other houses this weekend

Never shop short sales.

[my25reasons]

I closed yesterday! I'm so happy Picked out color samples today for new carpet and gutters! Now I can't wait to move in. YAY! I really thought I would never see this day. Thanks for being my support system!