topic Re: May 2017 Closers in Mortgage Loans

May 2017 Closers

Anonymous — Thu, 27 Apr 2017 01:08:39 GMT

Purchase Price: $204,000 then renegotiated to $200,000 after inspection
Signed Contract: 03/08/2017
Location: NJ
Property Type: Single-Family Home
New/Existing: existing
Type of Loan: 30YR Fixed VA
Loan Rate: 4.50
Pre-Approval: 1/152017
Appraisal: 4/21/2017
Clear to Close: TBD
Closing Date: 5/24/2017 (hopefully)

Re: May 2017 Closers

Anonymous — Mon, 08 May 2017 22:57:13 GMT

Purchase Price: $94,000

Signed Contract: 3/24/2017

Location: IL

Property Type: Single-Family Home

New/Existing: Existing

Type of Loan: 30YR Fixed FHA

Loan Rate: 4.00

Pre-Approval: 3/20/2017

Appraisal: 4/22/2017

Clear to Close: 4/28/2017

Closing Date: 5/8/2017

Closed On: 5/8/2017

Re: May 2017 Closers

Truth316 — Thu, 27 Apr 2017 05:12:23 GMT

Purchase Price: 181,900
Signed Contract: 4/06/2017
Location: AL
Property Type: Single-Family Home
New/Existing: New
Type of Loan: 30YR Fixed FHA
Loan Rate: 4.25
Pre-Approval: 4/01/2017
Appraisal: TBD
Clear to Close: Got the clear to close 4/24/2017
Closing Date: 5/23/2017

This process was amazing easy for me. Only took about 20 days from start to clear to close!!! I only had one condition and that was show I had the down payment in my saving account.

Re: May 2017 Closers

Anonymous — Thu, 27 Apr 2017 10:45:37 GMT

Refinance $138k to $242k
Taking $90k cash out for some home reno's
Started with pre approval 4/7/2017
Type of loan: 30yr conv
Rate: 4.625
Clear to close 4/27/2017
Closing date 5/4/2017

Went pretty darn smooth. My processor was on her A game. Caught all issues prior to going to UW. Only condition was to pay pay one card in full to zero $428 balance. I was abut surprised something this minor would be requested but it's no biggie.

Re: May 2017 Closers

Anonymous — Tue, 02 May 2017 17:36:20 GMT

Me! Me! Me!

Purchase Price: $206,000
Signed Contract: Jan 15
Location: TX
Property Type: Single-Family Home
New/Existing: new construction
Type of Loan: 30YR Fixed FHA
Loan Rate: 4.25
Pre-Approval: Jan 14
Appraisal: Not sure; maybe a week ago?
Clear to Close: May 2
Closing Date: May 17

Re: May 2017 Closers

bandeapart — Tue, 09 May 2017 16:29:21 GMT

Oooooh my first post!

Purchase Price: $275,000

Signed Contract: 4/14/2017

Location: MO

Property Type: Single-Family Home

New/Existing: Existing

Type of Loan: 30YR Fixed FHA

Loan Rate: 3.75

Pre-Approval: 4/10/2017

Appraisal: 4/26/2017 (edit to add that this came back 5/5/2017 at $275,000)

Clear to Close: 5/8/2017

Closing Date: 5/22/2017

Re: May 2017 Closers

Anonymous — Thu, 27 Apr 2017 16:44:08 GMT

Just got my appraisal! Came in at $219K. From the photos looks like they did the appraisal about 2 weeks ago. Man that place was A MESS!

Re: May 2017 Closers

Anonymous — Thu, 27 Apr 2017 17:17:20 GMT

So your home will be done 100% done interior and exterior including landscaping prior to "closing" ?

Re: May 2017 Closers

Anonymous — Sun, 07 May 2017 00:46:03 GMT

Purchase Price: $820,000
Signed Contract: 4/14//2017
Location: CA
Property Type: New Build Single-Family Home
New/Existing: New
Type of Loan: 30YR Fixed Jumbo
Loan Rate: 4.50% - 4.00% depending on points. Leaning on 4.00%
Pre-Approval: 4/10/2017
Appraisal: 4/24/2017
Clear to Close: TBD
Closing Date: 5/18/2017

Re: May 2017 Closers

Anonymous — Thu, 27 Apr 2017 19:11:24 GMT

@Anonymous wrote:
So your home will be done 100% done interior and exterior including landscaping prior to "closing" ?

Yes.

Re: May 2017 Closers

Anonymous — Fri, 28 Apr 2017 12:35:09 GMT

Purchase Price: 115,000$
Signed Contract: 03/05/2017
Location: NY
Property Type: Single-Family Home
New/Existing: existing
Type of Loan: 30YR Fixed FHA
Loan Rate: 3.75
Pre-Approval: 2/8/2017
Appraisal: 4/14/2017
Clear to Close: TBD
Closing Date: 5/5/2017 (hopefully FINGERS CROSSED)

Re: May 2017 Closers

cmony787 — Thu, 25 May 2017 15:49:30 GMT

Purchase Price: $277,500
Signed Contract: 04/12/2017
Location: NC
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: NACA 30yr Conventional (BOA)
Loan Rate: 3.625 but bought down to 2.875
Pre-Approval: 2/21/2017
Appraisal: 4/26/2017 (5/3 rcvd back @ $278,000)
Clear to Close: 5/23/17
Closing Date: ~~5/26/2017~~ 5/31/17

Re: May 2017 Closers

Anonymous — Fri, 28 Apr 2017 20:36:53 GMT

Walk through scheduled!!! May 10 Closing scheduled!!!! May 17

Re: May 2017 Closers

Anonymous — Sat, 29 Apr 2017 09:16:01 GMT

Purchase Price: $110,000
Signed Contract: 4/8/2017
Location: FL
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: 30YR Fixed FHA
Loan Rate: 4.125%
Pre-Approval: 4/7/2017
Appraisal: 4/17/2017
Clear to Close: TBD 5/1/2017
Closing Date: 5/9/2017

Re: May 2017 Closers

Anonymous — Fri, 05 May 2017 03:24:18 GMT

Purchase Price: 115,000$
Signed Contract: 4/1/17
Location: MO
Property Type: Single-Family Home
New/Existing: existing
Type of Loan: 30YR Fixed USDA guaranteed
Loan Rate: 3.75
Pre-Approval: 3/17/17
Appraisal: 4/18/17
Clear to Close: 5/4
Closing Date: 5/15/17 1pm

Re: May 2017 Closers

Gray — Tue, 02 May 2017 03:01:44 GMT

Purchase Price: $1,320,000
Signed Contract: 3/6/2017
Location: Northern VA, Near DC
Property Type: Tear Down, New Single-Family Home
New/Existing: New
Type of Loan: 30YR Fixed Jumbo
Loan Rate: 3.50%
Pre-Approval: 2/15/2017
Appraisal: 3/27/2017
Clear to Close: 3/29/2017
Closing Date: 5/1/2017

NFCU: 20% Down, 1 Origination Point, .625 Discount Points, Escrow Waived

Used competitive quote from Ally to bring NFCU's rate and closing coats down (NFCU matched/beat)

Joint application with spouse. Income 300K+. All credit scores 800+

Update: Closed! All done.

Re: May 2017 Closers

Anonymous — Mon, 01 May 2017 02:50:37 GMT

Purchase Price: $145,000 plus VA 4,785 = $149,785
Signed Contract: Mar 10
Location: CA
Property Type: Single-Family Home
New/Existing: Existing
Type of Loan: 30YR Fixed VA
Loan Rate: 4.375
Pre-Approval: Feb
Appraisal: $165,000
Clear to Close: waiting on “Pest Inspection” and pictures/proof of smoke detectors and “lien release” only on TU.

Closing Date: 5/16/2017 (week of)

Entered garden 01-02-16 App'd for mortgage: Dec 12 (HP) Updated HP: Feb 21

Current Scores FICO 8: TU716 EQ738 EX759 Updated: April 28, 2017

Goal: 750's across the board!

My mortgage scores are: 703, 718, and 744! Feb 16, 2017

My journey: get a divorce before buying. (cost me $18,000 - but it is over.)

Re: May 2017 Closers

Raw_Oyster — Mon, 01 May 2017 11:28:37 GMT

Re: May 2017 Closers

Raw_Oyster — Mon, 01 May 2017 11:33:58 GMT

Purchase Price: $331,540
Signed Contract: 4/13/2017
Location: TX
Property Type: New Build Single-Family Home
New/Existing: New (Calatlantic)
Type of Loan: 30YR Fixed VA
Loan Rate: 3.875%
Pre-Approval: 4/17/2017
Appraisal: 4/26/2017 (came back $351,000)
Clear to Close: TBD
Closing Date: 5/10/2017

Hoping to clear all the conditions in the next three days. I'm selling and buying in the same day. Wish me luck.

Re: May 2017 Closers

Anonymous — Tue, 02 May 2017 16:13:15 GMT

And that's how it's done... I'm a little pissed off at getting close to 4.5% when others report 3.5% on such a high balance.... I guess, next time I'll be luckier...