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November and December Closers

Contributor

November and December Closers

  • Purchase Price:  $325k
  • Property: SFH - 3600 sq ft - short sale
  • Submitted Offer on: 9/7/12
  • Signed Purchased Contract on : Short sale approval 10/3/12
  • Type of Loan: FHA
  • Loan Rate: 3.185%
  • Loan Application submitted:  10/4/12
  • Loan Approved: 10/19/2012 with minor conditions
  • Closing Date: November 19th
  • Closed On: November 21st

 

FICOs EQ: 702 Experian: 715 TU: 765
NFCU Cash Rewards $35k | NFCU Flagship $5k | NFCU Nav $15k | Cap1 Venture $18k | Cap1 QS $5.4k | Fidelity AmEx $25k | DCU Plat $10k | AMEX Delta Gold $5k | AMEX SPG $1k | AMEX Personal NPSL | Marriott Chase Visa $5k | Barclay Arrival M/C $8k | Barclay Sallie Mae M/C $3k | Barclay Rewards $2k | Nordstrom $4.5k | Cap 1 Plat $2k | BBVA NBA $10k | Serta $8k | Lowes $17k | Macy's $14.9k | MWalmart $5k | Discover IT $1k| Vystar $10k
Message 1 of 55
54 REPLIES
Established Member

Re: November and December Closers

started here :http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/A-Heartfelt-Thank-You/td-p/886140

 

now here!

  • Purchase Price:  $226k
  • Property: SFH - 2602 sq ft - short sale
  • Submitted Offer on: 9/10/12
  • Signed Purchased Contract on : Short sale approval 10/10/12
  • Type of Loan: VA
  • Loan Rate: 3.25%
  • Loan Application submitted:  10/5/12
  • Loan Approved: 10/22/2012 
  • Closing Date: November 15th
  • Closed On: November 16th


Starting Score: 570
Current Score: 776
Goal Score: 800


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Message 2 of 55
Member

Re: November and December Closers

  • Purchase Price:  $365k
  • Property: SFH - 2400 sq ft 
  • Submitted Offer on: 9/15/12
  • Signed Purchased Contract on : 9/27/2012
  • Type of Loan: 30 Yr Fixed Conventional
  • Loan Rate: 3.25%
  • Loan Application submitted:  10/3/12
  • Loan Approved: 10/22/2012 
  • Closing Date: November 9th
  • Closed On: Hopefully Nov 9th
Message 3 of 55
Valued Member

Re: November and December Closers

 

  • Purchase Price:  $227k
  • Property: condo - 1367 sq ft - new construction
  • Submitted Offer on: 7/20/12
  • Signed Purchased Contract on :  08/03/12
  • Type of Loan: FHA
  • Loan Rate: 3.25%
  • Loan Application submitted:  08/05/12
  • Loan Approved: 08/29/2012 
  • Closing Date: November 1st!!!
  • Closed On: November 6th!!!  WOOT!!!


*******************************************************************************
TU08 740(1/20/16)

Last app: 06/19/2015
Message 4 of 55
Contributor

Re: November and December Closers

It's good to have company!

FICOs EQ: 702 Experian: 715 TU: 765
NFCU Cash Rewards $35k | NFCU Flagship $5k | NFCU Nav $15k | Cap1 Venture $18k | Cap1 QS $5.4k | Fidelity AmEx $25k | DCU Plat $10k | AMEX Delta Gold $5k | AMEX SPG $1k | AMEX Personal NPSL | Marriott Chase Visa $5k | Barclay Arrival M/C $8k | Barclay Sallie Mae M/C $3k | Barclay Rewards $2k | Nordstrom $4.5k | Cap 1 Plat $2k | BBVA NBA $10k | Serta $8k | Lowes $17k | Macy's $14.9k | MWalmart $5k | Discover IT $1k| Vystar $10k
Message 5 of 55
Valued Member

Re: November and December Closers

  • Purchase Price:  $213k
  • Property: SFH - 1500 sq ft
  • Submitted Offer on: 8/20/12
  • Signed Purchased Contract on : 8/22/12
  • Type of Loan: Conventional
  • Loan Rate: 3.50%
  • Loan Application submitted:  9/10/12
  • Loan Approved: 10/4/12
  • Closing Date: November 26th
  • Closed On:

Had a short sale in 2010 so I'm still keeping my fingers and toes crossed!

Message 6 of 55
Member

Re: November and December Closers

So true. It's great to have company these exciting and nervous times.

 

We locked and are approved for a 30 yr fixed conventional at 3.25%, but we still have the option of chaning the product to any of the following before 10 days to closing.

7/1 ARM  - 2.75% with 1% lender credit
7/1 ARM - 2.5% with no lender credit
10/1 ARM - 3% with 1% lender credit
10/1 ARM - 2.75% with no lender credit 
30 Year Fixed - 3.25%
 
Any credit in cash is always good, so we are still undecided which product to go with..

 

maryellis1981: I'm just ignorant and curious...what are those dark shaded areas on the roof in your picture?

 

Message 7 of 55
Valued Member

Re: November and December Closers

From what I recall it is fading and discoloration because the house faces north,  The inspector said the roof was in good shape though replaced within the last 10 years.

Message 8 of 55
Regular Contributor

Re: November and December Closers

Mary,

I thought with short sale you have to wait 3 years, what did you do to get approval?


Starting Score: EQ: 532, EX: 569, TU: 621 (All lender pull 10/15/11)
Score: EQ: 660,lender pull 4/13, EX: 671 lender pull 4/13, TU: 691 lender pull (4/13)
, current Score (3/16/17) EQ: 724. Goal Score: 700


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Message 9 of 55
Valued Member

Re: November and December Closers

Yes that's what most lenders were saying but I was able to get a commitment from a mortgage company that works with my local credit union.  It's a conventional loan and I am putting down 20%.  My middle score is also at 712 so my credit recovered pretty well.  When I closed on my short sale I only had a 60 day late and I also reaffirmed $10k of the bank's loss as a 5 year promissory note.  The LO said these two factors were helpful to my case.  I have no other lates on my credit report.  The only condition the underwriter required on my committment was that I cannot close any earlier than 11/26 which would be 2 year 3 days following the closing of my previous short sale.  There is a small chance that I could not close but my realtor feels pretty confident now that I have the mortgage commitment so I have started packing!

Message 10 of 55