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Closing on Monday, no CTC yet! Stressed OUT!

Foodie2018
Contributor

Closing on Monday, no CTC yet! Stressed OUT!

Hey all,

As the title says...we close on 9/30, we have not received an official clear to close yet. I cannot sleep, eat, focus, or do anything productive right now. This entire process has literally brought me to tears on numerous occassions. It has been weeks of scanning, faxing, and emailing documents, I am drained.

Yesterday, my LO said that all she needed was a credit supplement for my husband (done), and to verify my previous employer (done). We are getting down payment assistance which I think goes through a seperate UW process, she told me earlier this week that it shouldn't take any longer than 72hrs to hear back about that.

 

I know I should just call my LO to find out where we are at in this process...but I'm just so terrified and stressed out to even call. *sigh*

 

Just looking for words of encouragement from those who have made it to the other side of this. Or are have ways to cope during this period of uncertainty.

 

Start:2/1/2018 FICO EX595,TU608,EQ594
Current: FICO 4/29/18 EX672,TU676,EQ664
GOAL: 700's across the board!
CapOne Plat $1000
Discover IT $500
AMEX BCE $1000
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Old Navy $1000
TJ Maxx$200

Message 1 of 8
7 REPLIES 7
MauiMan85209
Established Contributor

Re: Closing on Monday, no CTC yet! Stressed OUT!

Those are the last steps to get your CTC (Final approval), they didn't get this far to deny a loan-your lender wants to give you a loan as that's how they get paid.  Did you sign a CD yet?

" EX 718 EQ 747 TU 737 MMS 742"
Message 2 of 8
Foodie2018
Contributor

Re: Closing on Monday, no CTC yet! Stressed OUT!

Yes, we signed it yesterday. But, I know CD doesn’t mean you are officially cleared to close either.
I called my LO, she’s with another client. The receptionist said she’ll give us a call back.
Start:2/1/2018 FICO EX595,TU608,EQ594
Current: FICO 4/29/18 EX672,TU676,EQ664
GOAL: 700's across the board!
CapOne Plat $1000
Discover IT $500
AMEX BCE $1000
AMEX Delta Blue Sky Miles $1000
PNC Rewards $1000
Old Navy $1000
TJ Maxx$200

Message 3 of 8
MauiMan85209
Established Contributor

Re: Closing on Monday, no CTC yet! Stressed OUT!

I know that (I'm an LO) but that starts the 3 days clock- you should be fine.

" EX 718 EQ 747 TU 737 MMS 742"
Message 4 of 8
MinAlamo
Contributor

Re: Closing on Monday, no CTC yet! Stressed OUT!

I just came here to say GOOD LUCK and congrats and I know you'll be fine! And also, I totally relate to the being reduced to tears thing and the stress thing. Currently there as we speak, so I completely understand. You will do great and be in your new home in no time! Smiley Happy

Message 5 of 8
JGGM
Frequent Contributor

Re: Closing on Monday, no CTC yet! Stressed OUT!

Just take a deep breath. You've come this far. Stressful, yes. But it'll be worth it. Hang in there!

Current Score 6-11-20: TU: 821 EX: 837 EQ: 813
Goal Score:ACHIEVED - 800 Across the Board
In My Wallet: Cap1 QS - PenFed Power Cash Rewards - PenFed Promise - AmEx Delta Gold - AmEx Platinum - DISCO - NFCU Cash Rewards - AmEx Simply Cash Business - Chase Sapphire Preferred

Message 6 of 8
Foodie2018
Contributor

Re: Closing on Monday, no CTC yet! Stressed OUT!

Thank you. My LO called back, the system that issues down payment assistance is down, so we are going to be closing on 10/1 instead. She assured me that our file looks great and once the system is up again on Monday we’ll be cleared to close.
Almost there...
Start:2/1/2018 FICO EX595,TU608,EQ594
Current: FICO 4/29/18 EX672,TU676,EQ664
GOAL: 700's across the board!
CapOne Plat $1000
Discover IT $500
AMEX BCE $1000
AMEX Delta Blue Sky Miles $1000
PNC Rewards $1000
Old Navy $1000
TJ Maxx$200

Message 7 of 8
Foodie2018
Contributor

Re: Closing on Monday, no CTC yet! Stressed OUT!

Thank you and best of luck to you as well!! We will survive this.
Start:2/1/2018 FICO EX595,TU608,EQ594
Current: FICO 4/29/18 EX672,TU676,EQ664
GOAL: 700's across the board!
CapOne Plat $1000
Discover IT $500
AMEX BCE $1000
AMEX Delta Blue Sky Miles $1000
PNC Rewards $1000
Old Navy $1000
TJ Maxx$200

Message 8 of 8
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