05-08-2012 06:35 AM - edited 05-08-2012 06:37 AM
Midscore of 620
USDA Rural Guaranteed Loan
Interest Rate: 4.25% locked a couple weeks ago
Sale Price: $119,900
Set to close this Friday 05/11/12
Lake Asbury, FL
05-08-2012 02:36 PM
I just locked my rate at 3.750% the specifics of my loan are FHA, $140,000 at 30 years. Hopefully we will be able to close on the 29th of May as my future house is new construction and is scheduled to be completed on or around the 20th.
05-09-2012 06:27 AM - edited 05-09-2012 06:37 AM
I am praying to close next month! I have a new construction and I am soo excited! We have been very patient and have had a very bumpy ride. But I know once we are in our new home, it wil be well worth it.
05-09-2012 06:48 AM
Good luck Cali..... my Fiance and i were told that together we could get pre-approved for 790K......
I nearly lost it haha..... i didnt think i was doing THAT well.... regardless though, we are looking for ~ 150K lol!
Still waiting for the pre-approval letter!!!
05-09-2012 06:56 AM
Property type single family home built in 1973
Submitted offer on 4/11/12
Offer accept 4/12/12
Loan app submitted April 19th
Loan approved? Not sure, havent been through underwriting with this house.But my credit was approved with a previous house.
No commitment letter yet
Closing date: by the the end of May
update: my appraisal was returned to the bank, this past Friday. My Loan officer did a second hard pull of my credit Friday as well (a little annoying, but whatever). I received my approval conditions yesterday evening. I turned in all my requirements last night. The listing agent will be submitting her part today. Looks like I'll be closing sooner than expected!!! Yay!!
Prayers please! I'm starting to get cold feet! lol
Good Luck to all of you on this nerve wrecking journey of home ownership!
05-09-2012 06:58 AM
Homeownership is a great journey!
05-09-2012 09:12 AM
05-09-2012 09:15 AM
Congratulations. Luckily for us USDA in our area (North Florida) is only taking about 48 hours. However, we were planning on closing this Friday and it looks like that is not going to happen. I called the USDA and they said they are waiting for the lender to send a letter from me verifying that I do not work and have no income. Frustrating because I know we sent that letter to the lender : (
05-09-2012 09:16 AM
you should update your scores in your sig there blessed GL to you alls!
05-09-2012 09:19 AM
This may be shocking but they are my updated score : ) I am getting a USDA loan with a 620 mid score.
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