Regular Contributor
deg757
Posts: 118
Registered: ‎08-13-2012
Re: My home buying thread!!

We met with our realtor at lunch today. We are going out to look at a bunch of houses on Sunday. It is so crazy to me that we have gotten to this point. I never thought we would get out of our credit problems enough to get a house.

 

On a side note, our mortgage broker and realtor both recommended purchasing a home that is 1-2 years old as opposed to building one because sellers are willing to pay closing costs and builders have not been willing to do so. Since we are doing FHA our closing costs are going to be around $6,000. They said the most they have seen a builder willing to pay recently is about $2,000 unless the house has been sitting for a while. Does this sound right?

Starting scores 2/27/12 TU 605 EX 576 EQ 560
Current scores lender pull 9/6/12 TU 663 EX 629 EQ 645
Closed on our first home 10/26/2012!