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September 2017 Closers

Regular Contributor

Re: September 2017 Closers

Purchase Price: $283,000
Signed Contract: 06/23/17
Location: Or
Property Type: Single-Family Home
New/Existing: New
Type of Loan: 30YR Fixed FHA
Loan Rate: 3.5%
Pre-Approval: 6/15/17
Appraisal: TBD
Clear to Close: TBD
Closing Date: 9/8/17
Closed On: TBD

We were set to close on the 23rd of august but a delay in the cabinets are causing us to close "on or before Aug 8th" the house needs to be in move in ready condition before the come out for the final appraisel. Hopefully next less than theee weeks my wife and I will be first time home buyers.
New Build, watched it from the ground up. 3 bed 2 bath 1633 square feet open floor concept! Smiley Happy
AMEX PRG(NPSL) // AMEX BCE($1K) // AMEX HILTON($1K) // AMEX DELTA GOLD($6K) // US BANK CASH + (2K) // COSTCO CITI($6.5K) // NCFU CASH REWARDS ($2.6K) // BARCLAYS REWARDS ($7.5K) // CHASE SW($2.7K) // BOFA ALASKA ($6.7K) // CAP ONE QUICKSILVER($750) // FIRESTONE($1.2K) // KOHLS($750) // PAYPAL CREDIT ($2,75K) // NORDSTROM ($1K)







FICO 08 SCORES-TU-721 EQ-645 EX-713

TOTAL CREDIT LINE= $35,000
Message 11 of 31
Valued Member

Re: September 2017 Closers

Purchase Price: $155,000
Signed Contract: 08/5/17
Location: Louisiana
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: 33 YR Fixed USDA
Loan Rate: 3.25%
Pre-Approval: 8/1/17 (COE)

Inspection: 8/7/17
Appraisal: 8/21/17 (I was given wrong info, appraisal was not even ordered yet at this point Smiley Sad)

Appraisal ordered: 8/29/17

Appraisal done: 8/31/17

Appraisal report sent to USDA: 9/12/17

Received Funding Commitment: 9/21/17

USDA sent title request to title company: 9/25/17
Clear to Close: TBD
Closing Date: TBD
Closed On: TBD

 

 

I'm getting a little discouraged. I'm still waiting on my closing date. Not sure what we are waiting on....

 

 

I believe the only thing that's left to be done is after usda reviews appraisal, they will send title request to title company and then title company should set me up with a closing date from there, however I'm starting to doubt I will close in September, so I really don't know what I'm going to do come 9/30/17, when I have to be out of my rent house. #Stressed Smiley Sad

Message 12 of 31
Valued Member

Re: September 2017 Closers

Purchase Price: $145,000
Signed Contract: 08/10
Location: AZ
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: 30YR Fixed FHA
Loan Rate: 3.875%
Pre-Approval: 5/31-saved some more $-then pre-qualified 7/24
Inspection: 8/26

Appraisal: 9/6 sent to underwriting today too!
Clear to Close: TBD
Closing Date: 9/21/17
Closed On: TBD

 

Little slow going at the beginning, but once the process really started, it's gone fairly quick. I can't believe I could be a homeowner less than 2 months after placing an offer! Crazy!!

 

Edited for updates. Edited for more updates

myFICO 08
03/16/2017 Equifax 551 Transunion 547 Experian 550
08/17/2017 Equifax 598 Transunion 625 Experian 610
myFICO Mortgage Scores
03/16/2017 Equifax 599 Transunion 616 Experian 593
08/17/2017 Equifax 636 Transunion 629 Experian 626
Had a few bumps...
Message 13 of 31
Frequent Contributor

Re: September 2017 Closers

Purchase Price: $267,512

Signed Contract: 3/11/17
Location: GA
Property Type: Single-Family Home
New/Existing: New Construction
Type of Loan: 30YR Fixed Conventional
Loan Rate: 4.125%
Pre-Approval: 3/27/17
Appraisal: 8/1/17
Clear to Close: 9/14/17
Closing Date: 9/27/17
Closed On: 9/27/17

 

***Update:  Since I'm so close to closing, I just thought I would share a pic of my soon-to-be home.  I'm so excited.  It's a 5 bedroom/3 bath with about 2,500 sq ft.***

IMG_2468.jpg

Current - FICO 8/2017: EX(764); EQ(742); TU(710)
Beginning - FICO 7/2014: EX(630); EQ(608); TU(581)
Current Mortgage FICO - EX(739); EQ(730); TU(707)
Credit: Wells Fargo Home Projects Charge Card ($7,800); Wells Fargo Home Rebate Visa ($4,000); Capital One Quicksilver ($6,000); Capital One Venture ($5,500); Discover it ($3,600); Macy's ($20,000); BrandsMart ($4,000); Banana Republic ($1,200); Lowes ($12,000); Amex Everyday ($27,000); Macy's Amex ($14,000); Amex Platinum (NPSL); Citi Diamond Preferred ($9,000); Chase Freedom ($9,000)
Message 14 of 31
Established Member

Re: September 2017 Closers

So just an update - we were supposed to close tomorrow but it looks like it will be delayed.

 

The FHA appraiser called for a roof certification so a roofer came out and said it needed replaced and wanted to charge the seller $10,000 to do the job. It's a small, basic roof so the seller was like F that, I'll get somebody else to do it. 

 

So good thing is, I am getting  new roof out of it. Bad news is, unless they can somehow replace the roof and get it inspected all today or by 1PM tomorrow, I won't be closing until next week.

 

It's definitely worth the wait for a free new roof, I was just so excited to finally be moving and had to cancel everything i had lined up already.

 

Anyway, fingers crossed the roof replacement goes quickly and smoothly and I should be closing next week!

 

 

Message 15 of 31
Valued Member

Re: September 2017 Closers

I had a sudden death in the family early this year which forced me into purchasing my first home and get out of renting.

 

In March my scores were:

Experian: 604

Equifax: 586

Transunion: 529

 

I worked hard to fix my credit in the short period I had, and visited the rebuilding section frequently!

In July my scores rose to:

Experian: 690

Equifax: 656

Transunion: 671

 

This got me out of needing FHA and I was able to go conventional which I am very happy about. I was excited to be approved for any mortgage, but when I got my scores up enough to go conventional I was ecstatic! I closed on 9/1/17 and couldn't be more relieved.

 

 

Purchase Price: $345,000

Signed Contract: 7/14/17

Location: Florida

Property Type: Single-Family Home

New/Existing: New

Type of Loan: 30yr Fixed

Loan Rate: 4.75%

Pre-Approval: Jul7 8th

Appraisal: $390,000

Clear to Close: 8/31/17

Closing Date: 9/1/17

Closed On: 9/1/17

Message 16 of 31
Contributor

Re: September 2017 Closers

Finally, we have a close date.  

 

Purchase Price: $324,516
Signed Contract: 12/12/2016
Location: TX
Property Type: Single-Family Home
New/Existing: New
Type of Loan: 30YR Fixed FHA
Loan Rate: 4.125%
Pre-Approval: 12/21/2016
Appraisal: TBD
Clear to Close: TBD
Closing Date: 9/28/17
Closed On: TBD

Message 17 of 31
Member

Re: September 2017 Closers

Purchase Price: $195,000
Signed Contract: 8/1/17
Location: FL
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: 30YR Fixed USDA
Loan Rate: 4.25%
Pre-Approval: 7/5/17
Appraisal: 8/26/17
Clear to Close: TBD
Closing Date: 9/14/17
Closed On: TBD

 

I've been lurking on here for months.  So glad to finally post this. Home inspection scheduled for 8/7/17. Really anxious!

 

Update 9/13/17: Switched to an FHA loan a few weeks ago. Also, the closing has been moved to next week. We have to confirm there was no damage to the home during Hurriance Irma. Fingers crossed!

Message 18 of 31
Frequent Contributor

Re: September 2017 Closers

Purchase Price: $160,000

Signed Contract: 4/30/2017
Location: AZ
Property Type: Single-Family Manufactured Home
New/Existing: New Home, Existing Land
Type of Loan: 15YR Fixed Conventional $100,000
Loan Rate: 4.375%
Pre-Approval: 4/30/2017
Appraisal: $161,000
Clear to Close: 8/24/2017
Closing Date: 9/1/2017
Closed On: 9/1/2017

 

It finally happened. Now I am chasing money all round the country because I ended up being double charged on the appraisal (at closing and the appraisal was paid for by me 2 months earlier) and an accounting of the dealer concession versus post-contract changes.

FICO 8 Scores
2/14/17,EFX - 614, 4 Derogs,TU - 621, 6 Derogs, EXP - 603, 3 Derogs 3/7/17, EFX - 579, TU - 595, EXP - 588, same Derogs 4/8/2017 EFX - 683, TU - 791, EXP - 605 All Chargeoffs removed from TU 5/8/17 EFX 750, TU 796, EXP 625 All chargeoffs removed from EFX 5/15/17 EFX 743; TU 794; EXP 715 6/1/17 EFX 762; TU 794; EXP715 8/15/17 EFX 762; TU 777; EXP 760
img src="http://i.imgur.com/Gfc4B.png" border="0" title="Silver Garden Club Member" width="40" height="40" align="right">
Message 19 of 31
Valued Member

Re: September 2017 Closers

Dragonfly - GORGEOUS HOME!!! CONGRATS!!!

Message 20 of 31