topic Re: June Closers!! in Mortgage Loans

June Closers!!

Anonymous — Fri, 17 May 2013 17:58:39 GMT

Seems like everyone is closing in May. Where are the June people??

Purchase Price: 212,450
Property: SFH - 2000 sq ft
Submitted Offer on: 12/29/12
Start of construction: 3/28/13
Signed Purchased Contract on : 12/29/12
Type of Loan: 30 Yr Fixed FHA
Loan Rate: 3.00%
Loan Application submitted: 3/21/13
Loan Approved w/Conditions: 5/16/13
Final Approval:
Appraisal Ordered:
Appraisal Completed:
Closing Date: June 19th

Re: June Closers!!

Anonymous — Wed, 29 May 2013 13:15:19 GMT

Purchase Price: 194,000
Property: SFH - 2465 sq ft
Submitted Offer on: 5/04/13
Signed Purchased Contract on : 5/13/13
Type of Loan: 30 Yr Fixed USDA
Loan Rate: 3.7%
Loan Application submitted: January (I had to remove disputes!)
Loan Approved w/Conditions:
USDA Final Approval:
Appraisal Ordered: 5/18/13
Appraisal Completed: 5/21/13
Closing Date: June 28th pending

It's the waiting game until we get final approval!

Re: June Closers!!

Anonymous — Fri, 17 May 2013 19:09:27 GMT

Purchase Price: $306,000
Property: SFH - 2900 sq ft
Signed Purchased Contract on: 11/11/2012
Loan Application Submitted: 11/17/2012
Loan Approved w/ Conditions: 01/15/2012
Start of Construction: 02/12/2013
Type of Loan: 30 Yr Fixed FHA
Loan Rate: 3.5%
Final Approval:
Appraisal Ordered:
Closing Date: June 4th
Closed On:

Re: June Closers!!

Anonymous — Fri, 17 May 2013 19:10:21 GMT

@Anonymous wrote:

Type of Loan: 30 Yr Fixed FHA
Loan Rate: 3.00%

Foofigher that rate is outstanding! I have never seen such a low rate for a 30 year loan, FHA or otherwise! Nice going.

Re: June Closers!!

Anonymous — Fri, 17 May 2013 19:20:19 GMT

We got lucky. I would have been thrilled to get anything at or under 3.75 as well.

Re: June Closers!!

Startfromwithin — Fri, 17 May 2013 19:28:11 GMT

Purchase Price: 234,900
Property: Single Family Home
Submitted Offer on: 4/14/2013
Type of Loan: 30 Year Fixed, FHA
Loan Rate: 3.25%
Loan Application submitted: 4/23/2013
Loan Approved w/Conditions: 4/30/2013
Final Approval:
Appraisal Ordered: 4/30/2013
Appraisal Completed: 5/9/2013
Closing Date: June 3rd

Re: June Closers!!

Anonymous — Fri, 17 May 2013 20:06:45 GMT

Purchase Price *** 91,000
Property ***SFH 1500sq ft
Submitted offer *** 4/16/2013
Under Contract *** 4/17/2013
Type of Loan *** 30 yr USDA
Rate *** 3.25%
Application Submitted *** 4/22/2013
Approved with Conditions *** ?
Final Approval ***
Appraisal ordered ***5/13/2013
Appraisal Completed ***
Closing *** June 7, 2013

Re: June Closers!!

Anonymous — Fri, 17 May 2013 20:25:33 GMT

Purchase Price: 170,000
Property: SFH - 2950 sq ft
Submitted Offer on: 4/29/13
Signed Purchased Contract on : 5/15/13 APPROVED SHORTSALE !
Type of Loan: 30 Yr Fixed FHA
Loan Rate: 3.375%
Loan Application submitted: May 5th
Loan Approved w/Conditions:
Final Approval:
Appraisal Ordered:
Appraisal Completed:
Closing Date: June 28th pending

Currently waiting for Rapid rescore in processing

Re: June Closers!!

eluangrath — Tue, 18 Jun 2013 18:15:33 GMT

Purchase Price: 361,000
Property: SFH - 2985 sq ft
Submitted Offer on:
Start of construction: 4/6/13
Signed Purchased Contract on : 1/12/13
Type of Loan: 30 Yr Fixed FHA
Loan Rate: 3.25%
Loan Application submitted: 5/15/13
Final Approval:
Closing Date: June 28th

Re: June Closers!!

courtney091082 — Sun, 19 May 2013 01:22:17 GMT

@Anonymous wrote:
@Anonymous wrote:

Type of Loan: 30 Yr Fixed FHA
Loan Rate: 3.00%

Foofigher that rate is outstanding! I have never seen such a low rate for a 30 year loan, FHA or otherwise! Nice going.

Mine was 2.875% FHA 30 yr in Oct 2012 My lender was shocked, my realtor was shocked, and so was the title company! It was GREAT!!

Re: June Closers!!

Anonymous — Sun, 19 May 2013 01:42:08 GMT

@courtney091082 wrote:
Mine was 2.875% FHA 30 yr in Oct 2012 My lender was shocked, my realtor was shocked, and so was the title company! It was GREAT!!

Whoa! Did you buy any points or was there any lender credit or anything else involved? With ours, at 3.5%, we did get $1600 in lender credit so that was nice...but I'd much rather have 2.875% for sure. What lender/bank was it with?

Re: June Closers!!

courtney091082 — Sun, 19 May 2013 13:41:19 GMT

@Anonymous wrote:
@courtney091082 wrote:
Mine was 2.875% FHA 30 yr in Oct 2012 My lender was shocked, my realtor was shocked, and so was the title company! It was GREAT!!
Whoa! Did you buy any points or was there any lender credit or anything else involved? With ours, at 3.5%, we did get $1600 in lender credit so that was nice...but I'd much rather have 2.875% for sure. What lender/bank was it with?

No lender credits, no points, I went to a local bank and I think they just happened to grab the rate at the right time. When my lender called me to ask if I wanted to "lock in" she was FLOORED at the rate she quoted me LOL. I've heard of rates as low as mine, but that's only on a 15 year loan, mine was 30 year. My loan was sold to US Bank and they have been fabulous so far too.

Re: June Closers!!

Anonymous — Mon, 20 May 2013 20:05:06 GMT

I think the rest of May is going to drag...

Re: June Closers!!

Startfromwithin — Mon, 20 May 2013 20:10:23 GMT

I agree.

I am exactly 2 weeks out from the scheduled Settlement date. I'm shaking in my boots!!

Re: June Closers!!

Anonymous — Mon, 20 May 2013 20:39:49 GMT

@Startfromwithin wrote:
I agree.

I am exactly 2 weeks out from the scheduled Settlement date. I'm shaking in my boots!!

Im exactly 2 weeks from the walk-thru...and tomorrow will be 2 weeks from the document signing...then Thursday is 2 weeks from getting the keys.

Re: June Closers!!

Anonymous — Tue, 21 May 2013 12:19:13 GMT

Purchase Price: $290,000
Property: SFH - 3300 sq ft
Submitted Offer on: 3/19/2013
Start of construction:
Signed Purchased Contract on : 3/21/13
Type of Loan: 30 Yr Fixed Conventional (5% down)
Loan Rate: 3.375%
Loan Application submitted: 4/5/13
Loan Approved w/Conditions: Went through w/no additional cond needed
Final Approval: 4/22/13
Appraisal Ordered: 4/8/13
Appraisal Completed: 4/19/13
Closing Date: June 7th @ 11am

Re: June Closers!!

Cubist — Tue, 28 May 2013 13:15:24 GMT

I'm hoping for a June closing on my first house. (Thanks to the help here in raising my scores!!!)

My scores this fall were all in the low 500's. Thanks to this site, All three scores are over 700 now. Six months later & I'm buying a house!

Purchase Price: 228,000
Property: SFH - 2178 sq ft
Submitted Offer on: 4/20/2013
Signed Purchased Contract on : 4/25/2013
Type of Loan: 30 Yr Fixed FHA
Loan Rate: 3.25%
Loan Application submitted: 05/15/2013
Loan Approved w/Conditions: PENDING
Final Approval:
Appraisal Ordered:5/20/2013
Appraisal Completed: 5/24/2013
Closing Date: June 24th (tenative)

I am hoping to close on the house in late June. The seller is making some substantial repairs to the home, and depending on weather, etc. our closing may get pushed back a bit. Luckily though, both the seller and myself are pretty flexible on the settlement date. The house has a pool, so I'm hoping to have a few swim breaks if we end up moving the heat of July. As of today, my file is still in underwriting (mortgage commintment date is 5/24).

Re: June Closers!!

Anonymous — Tue, 21 May 2013 16:02:43 GMT

Purchase Price: 155,285
Property: Single Family Home/ 2810 sq. ft. on 7.11 acres (originally 17 acres but the owners decided to counter offer and drop price substantially/offer 10 less acres)
Submitted Offer on: 03/16/2013 (Took them over a month to get back to us due to owners deciding they want to conduct a survey and break up the land...)
Type of Loan: 30 Year Fixed, FHA
Loan Rate: 3.25%
Loan Application submitted: 4/29/2013
Loan Approved w/Conditions: 5/9/2013
Final Approval: In underwriting now
Appraisal Ordered: 5/6/2013
Appraisal Completed: 5/17/2013
Closing Date: June 3rd (Wanted to close before the end of May but they have renters who won't be out until the 31st.)

Re: June Closers!!

Anonymous — Wed, 29 May 2013 12:17:37 GMT

Is this all of the June closers?

Re: June Closers!!

bobvette — Wed, 29 May 2013 20:34:05 GMT

Purchase Price: $314,000
Property: SFH - 4850 sq ft finished, 2,250 unfinished
Submitted Offer on: 3/292013
Signed Purchased Contract on : 4/1/13
Type of Loan: 30 Yr Fixed Conventional (5% down)
Loan Rate: 4.30 Includes LPMI
Loan Application submitted: 4/5/13
Loan Approved 4/11/2013
Final Approval: Should be by today!
Appraisal Ordered: 4/24/13
Appraisal Completed: 4/30/13 Appraised for $335,000
Closing Date: June 5th @ 10am