09-26-2012 07:32 AM
Purchase Price: $270.000
Property: ~3100 sqft 5 bd rm, 3.5 bath, bonus room AND unfinished room
Submitted offer on: DEC 2011
Signed Purchased contract on : JAN 2012
Type of Loan: FHA Loan Rate: 3.375%; %5 down
Loan Application submitted: Aug 15, 2012
Loan approved: Sept 15, 2012
TBD Closing date: Sept 19, 2012
It has been a heck of a roller coaster ride. I would digress, but let just say, it is good to have the keys to the house.
09-26-2012 07:43 AM
Purchase Price: $338,000
Property: 3200sf 5 bd rm, 3.5 bath, Man Cave and Oversized 2 Car Garage
Submitted offer on: 9/15
Signed Purchased contract on : 9/17
Type of Loan: FHA Loan Rate: 3.375%; 3.5% down
Loan pre-approved: 9/10
Closing date: 10/24
10-01-2012 10:54 AM
Well we closed on Friday morning and had my keys in hand at 11:00. I am so glad that this is behind us as now I feel like I can move forward! Thanks to everyone for the help akong the way!
10-01-2012 12:07 PM
So the mortgage broker called today and said we should be out of underwriting today and also got notice from my insurance that they have asked for the binder today. OMG, we're almost there!
10-01-2012 04:37 PM - edited 10-01-2012 04:39 PM
Purchase Price: $161500
Property: 1708 sq ft - 3 br 2 bath 2 car garage breakfast nook and formal dining room built in 2004
Submitted offer on: Sept 26th
Signed Purchased contract on : Sept 30th
Type of Loan: FHA Loan Rate: 2.875% LOCKED 10.1.12 WOOHOO... 3.5% Down
Loan Application submitted: Sept 22nd
Loan approved: Prequalified on Sept 24th ... still turning everything in for full approval ... fingers crossed all goes well
Closing date: Oct 24th so far...
10-01-2012 05:45 PM - edited 10-01-2012 05:52 PM
I'm so excited to be able to post in this thread, its been such a tough 6 months to get here, and man hurdles in the loan process but I finally got my clear to close today. I started off 6 months ago with a 600 credit score and already have an FHA loan on my condo. I was able to secure this house with including my condo in the DTI. It doesn't seem like much, but with my newborn here I am proud to put my wife and daughter in a good neighborhood in a great home.
10-02-2012 12:04 PM
If it helps you any my mid score is a 684 and my wifes is a 668. We also had a BK discharged in March of 2009.
YES, thank you so much!!
10-02-2012 12:37 PM
Got our appraisal in the mail, somewhat unexpectedly. I hadn't expected it until later this week, so it was a... uh... "pleasant" surprise when it arrived early.
We opened it a bit shakily, since our friends just moved into the same community a few weeks before us. Their house (new construction) appraised $30K less than their contract price, and it took two weeks, a storage unit, and bunking up with neighbors to get it all straightened out. Ever since that, we've been terrified at what our appraisal might be, since they bought a home that was midway through construction and didn't have the opportunity to add as many options as we did.
Huge sigh of relief when we saw that our house had appraised for $20 more than our contract price.... if you haven't gone through this yet, I can't tell you how awesome that feels.
We sign off on the home completion on Oct. 15, and close on October 22nd. Hopefully smooth sailing from here on out--our first home!
10-03-2012 03:46 PM - edited 10-03-2012 03:55 PM
Purchase price: $55,000
Property: ~1257 sqft, 4 bedroom, 2.5 bath
Submitted offer on: March 9, 2012
Signed Purchased contract on: March 13/14, 2012
Type of Loan: FHA
Loan Rate: 3.75%
Loan Application approved: Mid August, 2012 (with conditions)
Closing date: September 27, 2012 (closed, funded, recorded, key in hand!)
I already got all the utilities turned on, and the painters are on day #2! Moving day is Sunday!
10-11-2012 07:24 AM
I closed on a townhome yesterday. The purchase took about 2.5 months because I switched banks in the middle of the process because the original bank changed the terms of the loan and I knew I was qualified for a better deal.
It was stressful, but I think I made the right choice in the end.
I ended up doing a 30 year conventional loan fixed at 3.5% (no points). The information and updates on these threads were very encouraging and helpful.
Congratulations to everyone else that has closed and good luck to those working towards closing.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.