topic Re: YES!!!! in Mortgage Loans

YES!!!!

Anonymous — Wed, 06 Jun 2012 21:56:13 GMT

We have finally closed on our home!!!!!!!

Praise God! After about a year of repairing our credit and learning as much as possible from this and other websites along with a 4 month long short sale process we are now exceedingly joyous homeowners We closed 06/01/2012 ...this past Friday.

Thank you to all that have had encouraging words along the way.

We purchased our home using the USDA Rural Guaranteed Loan with a mid score of just 620 and have an interest rate of 4.25%. No down payment (of course and we paid just $277.45 in closing cost. We were able to get the sellers to pay the rest of the closing cost which included a 1 year home warranty.

5br/2bath in a great neighborhood

Re: YES!!!!

Anonymous — Wed, 06 Jun 2012 22:00:03 GMT

Congrats!!!!!! Hoping t join your ranks in about 45-60 days

Re: YES!!!!

Anonymous — Wed, 06 Jun 2012 22:06:09 GMT

You can do it : ) We started out in the very low 500's and then went up to a midscore of 649 before it dropped to 620. I just praise God that though he allowed our score to drop in the process of applying he still made sure we got the minimum score which was 620.

All we did to raise our score was add three credit cards (two Capital One's and an Orchard Bank card) and I was able to get one of my unpaid charge off accounts deleted (Chase). We did end up paying our other charge off accounts before closing on the house. If we would of had a score of 640 our lender would not have required us to pay the charge offs which is crazy.

Re: YES!!!!

Anonymous — Wed, 06 Jun 2012 23:03:29 GMT

Congrats!!!

Re: YES!!!!

Anonymous — Wed, 06 Jun 2012 23:30:07 GMT

Congrats!! Who was your lender?

Re: YES!!!!

Anonymous — Thu, 07 Jun 2012 00:22:24 GMT

Congrats!!! So super happy for you!!! And such a beautiful home!!!! LOVE it!!! Enjoy!!!!

Re: YES!!!!

Anonymous — Thu, 07 Jun 2012 01:12:12 GMT

Congrats Blessed! Enjoy your new house....

ps... thanks for the help with chase!

Re: YES!!!!

Anonymous — Thu, 07 Jun 2012 01:46:13 GMT

Praise the Lord! Congrats , May God Bless You in Your Awesome Home!!!

Re: YES!!!!

Anonymous — Thu, 07 Jun 2012 01:54:37 GMT

Congrats!!

Re: YES!!!!

Anonymous — Thu, 07 Jun 2012 02:38:25 GMT

http://http://www.afrmortgage.com/#null

@Anonymous wrote:
Congrats!! Who was your lender?

Re: YES!!!!

JusdoNit — Thu, 07 Jun 2012 06:23:28 GMT

Beautiful. Just can't wait to join u in the dream.

Re: YES!!!!

MissMia75 — Thu, 07 Jun 2012 11:50:39 GMT

What an overwhelming experience . Through all of the hard work you put into this process this was the blessing that came out of it

Re: YES!!!!

Anonymous — Thu, 07 Jun 2012 12:13:56 GMT

Congratulations!!!!!! Whoo Hoo!!!

Re: YES!!!!

Anonymous — Thu, 07 Jun 2012 13:22:22 GMT

Congrats!!

So jealous! I really want to buy a house but I live in LA and $133,000 isn't going to go too far. So I've been looking to move to Boulder City, NV 20 miles outside of Las Vegas. It's the closest to the city that qualifies for USDA.

Only $277 to close, that's amazing!! I'm not married, and am buying by myself, so it's a little daunting because I'm not sure my BF would relocate to Vegas.

Were there any other out of pocket expenses? Appraisal, inspection, credit check, etc?

Re: YES!!!!

xchap — Thu, 07 Jun 2012 22:52:21 GMT

Excellent one day i'll also join in on that dream.

Re: YES!!!!

Anonymous — Fri, 08 Jun 2012 02:15:31 GMT

Congratulations!

Re: YES!!!!

Anonymous — Fri, 08 Jun 2012 02:44:07 GMT

We paid 500.00 binder, 440.00 for an appraisal, 135.00 for the appraiser to go out again after some things were corrected, 130.00 for WDO, 225.00 home inspection, and the 277.00 for the closing cost.

Thanks to everyone for all of the congratulations : )

Re: YES!!!!

Anonymous — Fri, 08 Jun 2012 06:28:32 GMT

Wow congrats this is truely an awesome story to hear about here on the forum. I hope you all the best in the future!!

Re: YES!!!!

Anonymous — Fri, 08 Jun 2012 08:52:20 GMT

The $500 binder (earnest $?) What happens to that $ after closing? Do you get it refunded to you since you didn't have to pay a downpayment? For the WDO inspection, did you have a contingency that if termites were found, the sellers needed to hire a pest control to rid them, or if past damage had been found and they hadn't been on a maintenance plan with a pest control company that they had to fix the repairs?

I will try to search the forums to see if you posted this already, but may I ask where did you buy your home and the specs please?

Thanks!

I am losing HOURS of my life daily doing research on buying a house. Just a bought a car in April, and it seems like I constantly need something to plan for! lol

Re: YES!!!!

GoodCredBen — Fri, 08 Jun 2012 15:50:26 GMT

Wow blessed!

We started about the same time and look, we are BOTH purchasing homes now!!!

I am set to close 7/20/12.... ITS SCARY!!! less then 3 months from my wedding! lol....

here is the pic for MY house! (i love saying my or our house... since i have never said that before!!!)