AUGUST CLOSERS!

[MzKoli]

• Purchase Price:  $269, 000
• Property: SFH - 1800 sq ft 
• Submitted Offer on: 6/10/2013
• Start of construction: N/A
• Signed Purchased Contract on : 6/14/13
• Type of Loan: 30 Yr Fixed VA
• Loan Rate: 4.25%
• Loan Application submitted:  6/24/13
• Loan Approved w/Conditions: 7/18/2013 UW wanted a copy of our Marriage License
• Final Approval:
• Appraisal Ordered: 6/25/13
• Appraisal Completed: 7/1/13
• Closing Date: AUGUST 9th
• CLOSED: 

[Anonymous]

What are your conditions?  What are your scores? 

[MrChairman]

If all goes well I should close no later than the 14th since that's when my rate lock expires!

• Purchase Price: $243,200
• Property: Condo - 1700 sq ft
• Submitted Offer on: N/A
• Start of construction: Feb. 2013
• Signed Purchased Contract on : 10/2012
• Type of Loan: 30 Yr Fixed VA
• Loan Rate: 4.125%
• Loan Application submitted: 6/26/13
• Loan Approved w/Conditions: ...
• Final Approval: -
• Appraisal Ordered: 7/1/2013
• Appraisal Completed: - 7/15/2013
• Closing Date: AUGUST 1... i hope
• CLOSED:

[Anonymous]

I've been waiting for an August thread!  Woo hoo!

• Purchase Price:  $397,620
• Property: SFH - 3700 sq ft
• Submitted Offer on: 01/28/2013 (New build)
• Start of construction: 04/01/2013
• Signed Purchased Contract on : 01/28/2013
• Type of Loan: 30 Yr Fixed FHA
• Loan Rate: 3.75%
• Loan Application submitted:  01/28/2013 FHA Case Submitted: 02/01/2013  Credit Repull: 06/28/2013
• Loan Approved w/Conditions: Provide letters of explanation for Bankruptcy, Deposits, 1 NSF Fee, Deed of Foreclosure, copies of earnest money checks
• Final Approval:
• Appraisal Ordered:
• Appraisal Completed:
• Closing Date: AUGUST 30th  Presettlement Meeting:  August 20th
• CLOSED:
•  Credit Scores:  716, 739 and 757

[Beasley12]

Purchase Price: $175,000
Property: Single Family- 3600 sq ft
Submitted Offer on: N/A
Start of construction: 6/15/2013
Signed Purchased Contract on : 4/29/2013
Type of Loan: 30 Yr Fixed FHA
Rate: 5.25% :-(
Loan Application submitted: 4/31/2013
Loan Approved: 5/11/2013 no conditions
Final Approval: -
Appraisal Ordered: New construction, waiting on certificate of occupancy
Appraisal Completed: -
Closing Date: AUGUST 14th (tentative)
CLOSED:
FICO: 651, 673, 681...now my mid score is 705!

Mortgage rates have been kicking my butt.....my quoted interest rate of 3.75% is a thing of the past....but I remain grateful because I NEVER thought I would be a homeowner.

[swtneka]

oh wow 5.25???? that scares me... what lender u went through and what state u n?

[Anonymous]

Yea ouch, that is not good!  We were able to lock in at the beginning of this month with an 80 day free lock in.  When does your lender let you lock?  Is it too late to shop a little?

[Beasley12]

I am going through a state down payment/closing cost assistance program so as the market flucuates, so will the rate. It seems like their rate is 1 pt higher than the average market rate.

[Anonymous]

• Purchase Price:  $110,900
• Property: SFH - 1725 sq ft 
• Submitted Offer on: 6/18/2013
• Start of construction: N/A
• Signed Purchased Contract on : 6/20/13
• Type of Loan: 20 Yr Fixed Conventional w/ 5% down
• Loan Rate: 4.625%
• Loan Application submitted:  06/21/2013
• Loan Approved w/Conditions: 07/08/2013 Remove disputes, Provide letter of explication on inquires for other mortgage inquires.
• Final Approval:
• Appraisal Ordered: 6/25/13
• Appraisal Completed: 7/1/13
• Closing Date: AUGUST 1th
• CLOSED: 

[shorrttyycm1]

• Purchase Price:  $162,500
• Property: SFH - 2080 sq ft 
• Submitted Offer on: 6/10/2013
• Start of construction: N/A
• Signed Purchased Contract on : 6/12/13
• Type of Loan: 30 Yr Fixed FHA
• Loan Rate: 4.25%
• Loan Application submitted:  7/3/13
• Loan Approved w/Conditions: ...
• Final Approval:
• Appraisal Ordered: 7/8/13
• Appraisal Completed:
• Closing Date: AUGUST 30th
• CLOSED: 
• FICO:  Mid score 695