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May Closers!

Valued Member

Re: May Closers!

Just curious, and I may be a little paranoid. But does anyone feel even a little uneasy posting all the details of your close, or is anyone fudging a few numbers just to be safe? Smiley Wink Just putting it out there. Still thinking about putting up my numbers just because though...


Starting Score: EQ 612 (CU Lender Pull) 03-2012
Current Score: EQ 679 TU 697 (Lender Pull) EX 668 (Lender Pull)
Goal: Reach the 700+ Club!!!


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Message 21 of 36
New Contributor

Re: May Closers!

my loan is 131000 FHA int rate 3.31% <--which i find wierd, it was originially 3.25% something about points and my DTI she had to adjust it to give us cushion with approval

im still happy with 3.31 Smiley Happy

 

Message 22 of 36
Valued Member

Re: May Closers!

We went with an FHA loan @ 3.375% (went up from 3.25 for lender's contribution). My inspection took a little longer to happen as the company I wanted to use was a family friend and they were booked solid. From appointment to inspection, it was was a total of 6 days. Appraisal was ordered on April 13th and the appraisal was completed a full 12 days after I paid for it! That was a nerve-wrecking period and I was buggin my LO about it almost daily. It was no fault of his own, but it was a real pain waiting that long. Luckily the appraiser was local and very experienced and we came in 2K over the sales price.

 

SO, despite all those delays, our contract was accepted on April 10th, then we had an inspection, appraisal, final walk-through and a smooth close with the sellers on-hand that completed on... May 9th. How about a 29 day close for the win??? Smiley Very Happy

 

My peeps rock Smiley Happy

 

 


Starting Score: EQ 612 (CU Lender Pull) 03-2012
Current Score: EQ 679 TU 697 (Lender Pull) EX 668 (Lender Pull)
Goal: Reach the 700+ Club!!!


Take the myFICO Fitness Challenge
Message 23 of 36
Highlighted
New Contributor

Re: May Closers!

29 day close is awesome! i always here its longer for FHA our loan processor told us 45 days. we are getting close to the 45 day mark. 

Message 24 of 36
Member

Re: May Closers!

Purchase Price: $153, 700
Property: SFH 1900 sq ft
Submitted Offer on: 05/05/13
Signed Purchased Contract on : 05/05/13
Type of Loan: 30 Yr Fixed VA
Rate: 3.25%
Pre-approved: 4/25/13
Loan Application submitted: 05/06/13
Loan Approved w/Conditions:
Final Approval:
Appraisal Ordered:
Termite Inspection: scheduled
Closing Date: 5/31/13
Closed on:
Message 25 of 36
New Contributor

Re: May Closers!

closing friday at 11 am set up utilities to transfer. very very excited Smiley Happy 

Message 26 of 36
Frequent Contributor

Re: May Closers!

6 days, 1 hour and 40 minutes until we close.  But I am not counting or getting excited or nervous!

 

Purchase Price: $103,000

•Property: SFH 2585 sq ft
•Submitted Offer on: N/A buying from my mother

•Signed Purchased Contract on : 05/1/2013

•Type of Loan: 15 yr conventional with 20% down

•Loan Rate: 3.5%

•Loan Application submitted: 04/29/13

•Loan Approved w/Conditions: 5/7/13      Explain why rent was late in Nov by 2 days (stuck in NY with super storm Sandy)

•Final Approval: 5/20/2013

•Home Inspection: not needed

•Termite Inspection: 5/15/13

•Appraisal Ordered: 5/8/13

•Appraisal Completed: 5/15/13  Came in at $151,000 with house as is so we did not have to do any repairs etc.  Was worried roof would have to be replaced.

 

 

•Closing Date: May 24
•Closed On: May 22




June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Message 27 of 36
Member

Re: May Closers!

Updated info:

 

Purchase Price: $153, 700
Property: SFH 1900 sq ft
Submitted Offer on: 05/05/13
Signed Purchased Contract on : 05/05/13
Type of Loan: 30 Yr Fixed VA
Rate: 3.25%
Pre-approved: 4/25/13
Loan Application submitted: 05/06/13
Loan Approved w/Conditions:05/16/2013
Final Approval:
Appraisal Ordered:05/07/13
Termite Inspection: 05/15/2013
Closing Date: 5/31/13
Closed on:
 
Got conditional approval today!!
Message 28 of 36
New Contributor

Re: May Closers!

Purchase Price: $220,000

•Property: SFH 1585 sq ft
•Submitted Offer on: 4-2-13

•Signed Purchased Contract on : 4-4-13

•Type of Loan: VA Fixed 30 year

•Loan Rate: 3.25%

•Loan Application submitted: 3-26-13

•Loan Approved w/Conditions: 4-25-13  Had to sign 2 LOE's.

•Final Approval: 5-15-13

•Home Inspection: not needed

•Termite Inspection: 4-6-13

•Appraisal Ordered: 4-8-13

•Appraisal Completed: 4-11-13  Appraisal came back 12,500 low.  Fought for 14 days to correct comps that appraiser messed up on!

 

 

•Closing Date: May 28
•Closed On:  May 17!

 

This was the absolute toughest battle I have ever fought in my life!  Every aspect of this deal was a fight.  The zoning, the appraisal, the comps, the building style of the home, the acreage, the out buildings, my insurance agent's dwelling value being 100k low, her dragging her feet to get the binder to the processor, LO being on vacation for 10-12 days through the process, the sellers countless addendum's, and now I can't move in until next week.  Oh well, I closed and she is all mine, mine, MINE!  Good luck to all those who have closing dates in the future!  It WILL all pay off when that key hits the lock!


Starting Score: EQ 553 - TU 569 8-24-12
1-4-13 Scores: EQ 645 - TU 675
3-25-13 Lender pull EQ 646 - TU 687 - EX 647
Goal Score: 700 Across the board before 6-13


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Message 29 of 36
New Contributor

Re: May Closers!

Purchase Price: $306,000
Property: SFH - 2900 sq ft
Start of construction: 01/17/2013
Type of Loan: 30 Yr fixed VA
Interest rate: 3.25
Closing costs: builder paid
Closing Date: May 29th



Message 30 of 36