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Regular Contributor
HindSight_20_20
Posts: 177
Registered: ‎06-03-2009
0

USDA Home Loan Progress *Update *CLOSED!!!!

[ Edited ]

Hey guys it’s been a good while but I had something’s to take care of since my last post.

I thought it was very cool of my fellow USDA home loan folks to post here; the stories really helped me make my decision to do the same so here’s where I am.

10/03 contacted L/O

10/05 Pulled Credit Reports

10/11 informed I was USDA Qualified

Started looking at homes in the qualified areas

10/26 made first offer on a home – offer countered

10/28 final offer accepted

11/03 scheduled appraisal and home inspection

11/14 appraised above asking price

11/16 home inspection completed (minor fixes nothing major)

11/19 finished up app for underwriters via L/O

11/20 Send app to USDA for final word

11/23 word from underwriter (need a couple letters of ex) sent them to L/O

11/27 Underwriter is complete and ready (just waiting on USDA)

Now I wait…. And wait Loll (tentative closing on 12/20) hopefully.

I will keep you posted.

 

Soooooo found out today that the Underwriters didn't send the pkg in to USDA as planned .... have to be out by the end of the month and no word yet on a closing date... 

 

Oh well... now we wait.... and hopefully good news tomorrow or Monday.

 

12/21 Got the conditional commitment from USDA today 'YES'!

 

So it should be any day now for the final Clear.  I'll keep you all posted... Hopefully we'll be in before the New Year since Under Writing is already good.

 

12/24 Those wonderful three words.... Clear To Close! 

 

12/27 Closed on my new home!!! USDA is one heck of a program 'two speeds' slow and slower but overall Its an exciting and worth while experience. Locked in a super rate and learned a lot  in the process.

 

Now I'm looking forward to hearing more closings! 

 

 

________________________________________________________________________________________________
I’ve found that I can "charge" WHATEVER I want…. Just not all at THE SAME TIME!*Last CC App 07/2010*
Contributor
leppy2
Posts: 127
Registered: ‎12-11-2012
0

Re: USDA Home Loan Progress *Update YES!

Congrats, so awesome. That must feel like a wonderful Christmas present.
We just finished our apps and all documents are with LO. Appraisal will be ordered on 12/26. Did your Lo say what the turnover is with usda?
Frequent Contributor
Sunshine85
Posts: 367
Registered: ‎01-14-2012
0

Re: USDA Home Loan Progress *Update YES!

Congratulations!

Regular Contributor
HindSight_20_20
Posts: 177
Registered: ‎06-03-2009
0

Re: USDA Home Loan Progress *Update YES!

Thanks so much,

leppy2 yes it feels GREAT Loll its been a situation let me tell you! The hard part is not waiting but 'not knowing' WHEN USDA is going to be finished with your file. USDA has been about 30 days behind so it took about a month for them to clear us with the conditional commitment. 

 

Our app went to the Underwriters as the same time it went to USDA so we were cleared by underwriting before USDA even finished.  So its just up to everyone getting together in the same room with documents and pens agents etc. Loll and I'm ready!!!! Hopefully I will have some closing news for you soon. 

 

 

________________________________________________________________________________________________
I’ve found that I can "charge" WHATEVER I want…. Just not all at THE SAME TIME!*Last CC App 07/2010*
Regular Contributor
HindSight_20_20
Posts: 177
Registered: ‎06-03-2009
0

Re: USDA Home Loan Progress *Update YES!

Thanks Sunshine85 :smileywink:

________________________________________________________________________________________________
I’ve found that I can "charge" WHATEVER I want…. Just not all at THE SAME TIME!*Last CC App 07/2010*
Contributor
leppy2
Posts: 127
Registered: ‎12-11-2012
0

Re: USDA Home Loan Progress *Update YES!

I hope that goes quickly for you!
Regular Contributor
HindSight_20_20
Posts: 177
Registered: ‎06-03-2009
0

Re: USDA Home Loan Progress *Update YES!

Leppy2

It went smoothly! In and out within an hour and some change -   the USDA program is really a very sweet way to go 'especially with rates as low as they are now'.

________________________________________________________________________________________________
I’ve found that I can "charge" WHATEVER I want…. Just not all at THE SAME TIME!*Last CC App 07/2010*
Regular Contributor
maluba
Posts: 142
Registered: ‎12-16-2012
0

Re: USDA Home Loan Progress *Update YES!

Congrats!




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Valued Contributor
JM-AM
Posts: 3,303
Registered: ‎06-09-2010
0

Re: USDA Home Loan Progress *Update *CLOSED!!!!

Congrats!!
Good Luck
May all your dreams and wishes become a reality!
Regular Contributor
HindSight_20_20
Posts: 177
Registered: ‎06-03-2009
0

Re: USDA Home Loan Progress *Update *CLOSED!!!!


JM-AM wrote:
Congrats!!

Thanks JM-AM!

________________________________________________________________________________________________
I’ve found that I can "charge" WHATEVER I want…. Just not all at THE SAME TIME!*Last CC App 07/2010*

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