05-10-2013 12:05 PM - edited 05-10-2013 12:19 PM
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? Just putting it out there. Still thinking about putting up my numbers just because though...
05-10-2013 12:21 PM
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
05-10-2013 01:17 PM
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???
My peeps rock
05-10-2013 05:25 PM
05-16-2013 09:33 AM - edited 05-26-2013 09:14 AM
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
05-17-2013 08:06 AM
05-17-2013 05:46 PM
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!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.