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Frequent Contributor
Sunshine85
Posts: 367
Registered: ‎01-14-2012
0

Re: November and December Closers


smileyedna wrote:
  • Purchase Price:  $59900
  • Property: SFH - 1600 sq ft/ 2 acres
  • Submitted Offer on: 11-2-2012
  • Signed Purchased Contract on : 11-8-2012
  • Type of Loan: 30 Yr Fixed FHA
  • Loan Rate: 3.25 = 3.875% APR (with no closing costs)
  • Loan Application submitted: 11-8-2012
  • Loan Approved Contigent 11-21-2012
  • Closing Date: 12-18-2012
  • Closed On: ??????
  • Lender: PNC

I'm using a zero down FHA 203h Disaster loan.  Its offered for one year after a federally declared disaster (in my case a tornado almost killed the whole family January 2012)  I wasn't eligible to get an FHA loan until June 2012 (24 months out of chapter 7 BK).  I lost my job May 30th, 2012.  I lost my next job August 2012. I moved to New Orleans and was hit by Hurricane Issac August 2012.

I have perfect post BK credit. 4 trade lines, low DTI ratios, and 100 million contingencies to fulfill.

My PITI+MIP will be 40% of my rent in the same neighborhood.

Working for a notoriously volitile employer.

Sitting here a nervous wreck.  lol

It's been one rollercoaster ride of a year.

Whee?


You've had quite a year- I'll be keeping my fingers and toes crossed that all will work ot well for you.

Regular Contributor
amaurym
Posts: 134
Registered: ‎04-02-2012
0

Re: November and December Closers

Purchase Price:  $108
Property: 1505 sq 3bed 2 bathroom
Signed Purchased Contract on : 9/27/2012
Type of Loan: 30 Yr Fixed FHA
Loan Rate: 3.5%
Closing Date: November 7th

I had $6000 from seller, $5300 from bond 89 and also Mortgage certificate (MCC) which give me a credit back of 30% of the interest paid on tax time.
I had a credit back of $1030 at closing.
I will apply for homestead this January.

I was also bless with my baby girl on December 4. So I been very blessed this year
Current Score: EQ 694(Fako), EX 676(Fako),TU 729
Goal Score: 750 across the board
Valued Member
natashahol
Posts: 41
Registered: ‎03-22-2012
0

Re: November and December Closers

  • Purchase Price:  $205700
  • Property: SFH - 2265
  • Submitted Offer on: 6/21/2012 new construction
  • Signed Purchased Contract on :6/21/2012
  •  Type of Loan: FHA
  • Loan Rate: 3.25%
  • Loan Application submitted:  10/09/12
  • Loan Approved: 11/20/2012 with minor conditions
  • Closing Date: November 30th
  • Closed On: November 30th!!!
  • Lender Regions Bank


Starting Score:FICO EQ 620 TU Fako 595 EX FAKO 628
Current Score: Lender Pull 10/2012 EX 719, EQ 704, TU 690

BOA $8500 I CitiForward $6500 I Chase Freedom $3000 I Discover More $1500 I Kohls $1000 I Orchard Bank $400
App free since 12/8/2012.. holding out til 11/2013
Valued Member
shorttough
Posts: 44
Registered: ‎11-07-2012
0

Re: November and December Closers

Hi,

quick question.

 

I signed, my contract on Nov 4th, then foundation will be complete next week 12/15. I was told by my Mortgage broker that closing will be in April 15th.

 

How many days prior to closing date, do they usually ask for bank statemnts to verify funds for closing costs + down payment and when do they pull their credit report again.

 

Thanks,

Member
Mommyrambles
Posts: 5
Registered: ‎12-10-2012
0

Re: November and December Closers

  • Purchase Price:  $277,900
  • Property: SFH - 3216 sq ft
  • Submitted Offer on: 11-15--2012
  • Signed Purchased Contract on : 11-16-2012
  • Type of Loan: 30 Yr Fixed VA
  • Loan Rate: 3.25
  • Loan Application submitted: 11-16-2012
  • Loan Approved: 11-29-2012
  • Closing Date: 12-14-2012
  • Closed On: Just got CTC for the 14th!
  • Lender: NFCU
Contributor
trudawg660
Posts: 83
Registered: ‎08-12-2007
0

Re: November and December Closers


Mommyrambles wrote:
  • Purchase Price:  $277,900
  • Property: SFH - 3216 sq ft
  • Submitted Offer on: 11-15--2012
  • Signed Purchased Contract on : 11-16-2012
  • Type of Loan: 30 Yr Fixed VA
  • Loan Rate: 3.25
  • Loan Application submitted: 11-16-2012
  • Loan Approved: 11-29-2012
  • Closing Date: 12-14-2012
  • Closed On: Just got CTC for the 14th!
  • Lender: NFCU

what were your scores if u don't mind me asking?

Member
Mommyrambles
Posts: 5
Registered: ‎12-10-2012
0

Re: November and December Closers

Sure. my husband and I were both mid-scores in the 690's.

Regular Contributor
jnkp2001
Posts: 135
Registered: ‎01-04-2012
0

Re: November and December Closers

[ Edited ]

 

11/6:  preapproval

 

11/12: put in offer 106,000.  

 

1501 sq ft with pool.  7 yrs old

 

11/14: fannie mae accepted offer

 

11/28: approved for underwriting with conditions, just needed a few LOE's and appraisel

 

11/30: appraisel

 

12/4: appraisel came in at 101,000

 

12/6: fannie mae accepts appraisel price

 

12/12: back to underwriter

 

12/13 Clear to Close!!!:smileyhappy::smileyvery-happy:

 

12/18: Close!

 

Lender: Veterans United

 

Thanks to everyone on the my fico board for all the help!

 

 

 

 

 

 

 

 

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

New Member
smileyedna
Posts: 16
Registered: ‎12-03-2012
0

Re: November and December Closers

You can't claim to close before the closing date! :smileywink:

699 EQ
721 EXP
711 TU
Frequent Contributor
seigex
Posts: 425
Registered: ‎05-16-2012
0

Re: November and December Closers


smileyedna wrote:

You can't claim to close before the closing date! :smileywink:


lmao

Lender Pull (11/3/12) FICO EX: 740 EQ: 680 TU: 702

NFCU VISA $17.5k / USAA AMEX $6k / USAA AMEX $4k / USAA VISA $4k / CHASE FREEDOM $3k / Capital One $500

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