The Official NACA mortgage thread

[superdesi]

I think SpecialNupe is in Georgia.  I'm also around the NYC metro area and I wish we had prices like that in this area.

[Specialnupe]

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@superdesi wrote:

I think SpecialNupe is in Georgia.  I'm also around the NYC metro area and I wish we had prices like that in this area.

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Yes, I am in Atlanta, Georgia.  Which is one of the benefits of living in the south, where we are not landlocked

[dawsonmel]

  I closed finally!! Here is my NACA timeline.

Went to NACA workshop and got my ID 2/23/10

 First 1 on 1 March 17, 2010

 Bunch of meetings in between

 Purchase Workshop Thursday, 8/26/10

 Put offer on house around September 11, 2010

 house under contract Wednesday, 13 Oct 2010

 Home inspection done Thursday 10/14/10

 Cleared from Hand Tue 11/30/10

 Clear to close from CITI Friday 12/10/10

Closed 12/17/10

I own a 3 bedroom full basement, Deck and backyard, Walking distance from a mall and huge park/pond and walking trail for under $165. With a 30 year fixed for a 1.66% interest rate!!!!

Thanks NACA and myfico.

I am in Bowie, MD

[RachelRachel]

WOO HOO another closer in the house!!  CONGRATULATIONS dawsonmel!!!      I'm very happy for you and it sounds like you got a lovely home just in time for the holidays!

[Anonymous]

Way to go dawsonme...You're keeping the dream alive.

[Anonymous]

Closers in the house!!!

Specialnupe and Dawsomel you did it!  Dreamed achieved.  Home for the Holidays! 

This will be my first Christmas in my home too!  NACA can be quite a struggle but, being a homeowner is worth it!   Great to see RachelRachel and RichRaven keeping it real!  I read you guys all the time it's just been crazy busy @ work (which is a good thing)  hopefully we can continue to encorage more people to hang tough and get their keys too!

Peace and Blessings to the entire NACA Thread.

[greg_the_egg]

To all of the closers,

How long after closing is your first mortgage payment due? My current landlord will allow me as much time as possible to transition to my own place, but I'd like an idea as to what I should tell him.

[dawsonmel]

I closed Friday (12/17)  and my first payment is not due until Feb 1.

[RachelRachel]

I closed May 27 and first payment was due July 1.   Mortgages are paid in arrears instead of in advance like rent.  Part of closing costs is to prepay mortgage from the day of closing until last day of that month, but then you'll have a full month that won't be due until the first of the following month.  Hope that makes sense.

[Anonymous]

Congrats to the recent closers!