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Established Member
EMSmedic
Posts: 13
Registered: ‎07-01-2013
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My First Home Story

[ Edited ]

May 6 - Applied for loan and lender recommended USDA Guaranteed (Submitted Tax Returns, W2's & Check Stubs)

May 19 - Found home FSBO and made offer on the spot

May 21 - Purchase aggreement signed and submitted to lender

May 23 - Signed Discloser Forms / GFE

May 24 - VOE received by employer

May 28 - VOE completed and returned

May 29 - Appraisal paid for

June 12 - Appraisal performed

June 14 - Lender received completed appraisal ($ 2000.00 above asking)

June 21 - Signed & Faxed back Form 1980-21 

June 25 - Lender attorney requested copy of Seller's Deed

June 27 - Lender requested HO Insurance quote.

June 28 - Lender called for verbal VOE with employer

 

*July 01 - Just informed that the loan has been approved, waiting on title opinion.

 

 

Starting Score: EQ 681, TU 694, EX 665 (all lender pulled 05/06/13)
Current Score: EQ 669, TU 686 (myFICO 07/01/13)
Updated Score: Equifax 700 !!! as of 08/18/2013
Established Member
EMSmedic
Posts: 13
Registered: ‎07-01-2013
0

Re: My First Home Story

Does anyone know how long it takes for a "Title Opinion"?

Starting Score: EQ 681, TU 694, EX 665 (all lender pulled 05/06/13)
Current Score: EQ 669, TU 686 (myFICO 07/01/13)
Updated Score: Equifax 700 !!! as of 08/18/2013
Frequent Contributor
swtneka
Posts: 486
Registered: ‎02-14-2013
0

Re: My First Home Story

I dont know but i have read that it could be days to hours b4 closing.

Established Member
EMSmedic
Posts: 13
Registered: ‎07-01-2013
0

Re: My First Home Story

Weekends seem soooooo long :smileysad:

Starting Score: EQ 681, TU 694, EX 665 (all lender pulled 05/06/13)
Current Score: EQ 669, TU 686 (myFICO 07/01/13)
Updated Score: Equifax 700 !!! as of 08/18/2013
Frequent Contributor
HYPASS33
Posts: 326
Registered: ‎04-08-2013
0

Re: My First Home Story

..
Frequent Contributor
swtneka
Posts: 486
Registered: ‎02-14-2013
0

Re: My First Home Story

Just checking on a update

Established Member
EMSmedic
Posts: 13
Registered: ‎07-01-2013
0

Re: My First Home Story

I'm expecting to get the CTC sometime this week. The loan officer tells me I'm approved for the loan but waiting on the title opinion from the attorney.

Starting Score: EQ 681, TU 694, EX 665 (all lender pulled 05/06/13)
Current Score: EQ 669, TU 686 (myFICO 07/01/13)
Updated Score: Equifax 700 !!! as of 08/18/2013
Frequent Contributor
swtneka
Posts: 486
Registered: ‎02-14-2013
0

Re: My First Home Story

That's great! Fx u hear something Monday

Established Member
EMSmedic
Posts: 13
Registered: ‎07-01-2013
0

Re: My First Home Story

I'm looking at my sales aggreement and realizing we stated "fully executed and closed" no later than July 20.

Is this where people on this forum get there "scheduled closing date"?

How likely is it that the bank stalls until this date before doing the closing simply because they can?
Starting Score: EQ 681, TU 694, EX 665 (all lender pulled 05/06/13)
Current Score: EQ 669, TU 686 (myFICO 07/01/13)
Updated Score: Equifax 700 !!! as of 08/18/2013
Established Member
EMSmedic
Posts: 13
Registered: ‎07-01-2013
0

Re: My First Home Story

Closing scheduled for Wednesday 17th at 3 pm!!!
Starting Score: EQ 681, TU 694, EX 665 (all lender pulled 05/06/13)
Current Score: EQ 669, TU 686 (myFICO 07/01/13)
Updated Score: Equifax 700 !!! as of 08/18/2013

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