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Posts: 736
Registered: ‎07-07-2010
(Updated - Closed) Starting the fha loan process!
[ Edited ]

We closed today! Feels great!! Had to guess the keypad for the front door to get in because seller agent was a jerk. We changed the lock and put his stuff on the front porch for when he comes by. Oh boy wish I could be there lol.

 

Hello Everyone. Figured I would start a thread I can vent on for the next 30 days :-)

 

My DW and I got our pre qual last week at 3.625 FHA with 3.5% down. The house is just over 200k.

 

To our delight, the only house we were really looking at we were able to get our bid accepted and were now under contract offically last friday. I am depositing some gift money on monday because the official application will begin on tuesday. I am nervous about everything but I calculated our ratios and looks like we are at 24/36 and I believe FHA si 31/41 or about that.

 

This is our first home and we are very excited to get through the loan process. It is a little nerve racking so it is nice to be on this forum with some fellow people going through the same ordeal.

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01/11/2011: FICO:TU: 746
12/14/2010: FICO:EQ: 744
08/12/2011: FICO:EXP: 766