topic Re: My First Home Story in Mortgage Loans

My First Home Story

Anonymous — Mon, 01 Jul 2013 20:33:24 GMT

May 6 - Applied for loan and lender recommended USDA Guaranteed (Submitted Tax Returns, W2's & Check Stubs)

May 19 - Found home FSBO and made offer on the spot

May 21 - Purchase aggreement signed and submitted to lender

May 23 - Signed Discloser Forms / GFE

May 24 - VOE received by employer

May 28 - VOE completed and returned

May 29 - Appraisal paid for

June 12 - Appraisal performed

June 14 - Lender received completed appraisal ($ 2000.00 above asking)

June 21 - Signed & Faxed back Form 1980-21

June 25 - Lender attorney requested copy of Seller's Deed

June 27 - Lender requested HO Insurance quote.

June 28 - Lender called for verbal VOE with employer

*July 01 - Just informed that the loan has been approved, waiting on title opinion.

Re: My First Home Story

Anonymous — Mon, 01 Jul 2013 21:38:57 GMT

Does anyone know how long it takes for a "Title Opinion"?

Re: My First Home Story

swtneka — Tue, 02 Jul 2013 04:33:30 GMT

I dont know but i have read that it could be days to hours b4 closing.

Re: My First Home Story

Anonymous — Sat, 06 Jul 2013 01:55:15 GMT

Weekends seem soooooo long

Re: My First Home Story

HYPASS33 — Sat, 06 Jul 2013 02:34:09 GMT

Re: My First Home Story

swtneka — Sun, 07 Jul 2013 22:42:55 GMT

Just checking on a update

Re: My First Home Story

Anonymous — Sun, 07 Jul 2013 22:47:52 GMT

I'm expecting to get the CTC sometime this week. The loan officer tells me I'm approved for the loan but waiting on the title opinion from the attorney.

Re: My First Home Story

swtneka — Sun, 07 Jul 2013 23:05:16 GMT

That's great! Fx u hear something Monday

Re: My First Home Story

Anonymous — Fri, 12 Jul 2013 15:53:05 GMT

I'm looking at my sales aggreement and realizing we stated "fully executed and closed" no later than July 20.

Is this where people on this forum get there "scheduled closing date"?

How likely is it that the bank stalls until this date before doing the closing simply because they can?

Re: My First Home Story

Anonymous — Mon, 15 Jul 2013 15:56:23 GMT

Closing scheduled for Wednesday 17th at 3 pm!!!

Re: My First Home Story

swtneka — Tue, 16 Jul 2013 03:31:30 GMT

@Anonymous wrote:
Closing scheduled for Wednesday 17th at 3 pm!!!

Yay!

Re: My First Home Story

Anonymous — Tue, 16 Jul 2013 21:27:53 GMT

Keeping me on edge right to the last minute!

Got a call from the bank today at 2:00 wanting a letter from the seller's bank indicating the "mortgage payoff amount".

Called the seller who then called her bank who then faxed it to my bank and then got a call from my loan officer at 2 minutes till closing.

She says it looks good and we are on track for our closing at 3:00 tomorrow.

Oh, my nerves...