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December 2016 closers???

Auto Loans for ANY Credit Situation. Immediate Response.
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Established Member

Re: December 2016 closers???


@gsully00 wrote:

@gsully00 wrote:

Purchase Price: $273,300 (with $8000 in seller concessions + 2% towards closing costs) 
Signed Contract: 06/24/2016
Location: Mesa, AZ
Property Type: Single Family
Type of Loan: VA (with 660 mid score, mine is 680)
Loan Rate: 3.625%
Appraisal: 11/20; $275,000

Cleared to close: TBD

Final Walk through: 12/6/2016

Closing Date: 12/06/2016
Closed On: ?

Also was able to get realtor to give 2% concession which paid down purchase price (or VA funding fee, whichever way you look at it)

Funds to bring at closing: $181.00


Received our final closing docs and the $181.00 estimate is now a final of -$447 that is a credit, I'm getting back most of my $500 earnest deposit.


Nice. Do you mind if I ask what changed/went down from the original loan estimate?

Message 11 of 45
Established Contributor

Re: December 2016 closers???

Closing.png

 

Apparently they just estimated high, my original LO said that I could get back my entire $500 earnest deposit because VA doesn't require a DP.

 

" EX 698 EQ 701 TU 707 MMS 705"
Message 12 of 45
Established Contributor

Re: December 2016 closers???

I got the clear to close today- WooHoo!  Dec 6th is move day

" EX 698 EQ 701 TU 707 MMS 705"
Message 13 of 45
Established Contributor

Re: December 2016 closers???


@gsully00 wrote:

I got the clear to close today- WooHoo!  Dec 6th is move day


Congrats! 

Message 14 of 45
Valued Member

Re: December 2016 closers???

I am closing on Wednesday December 7, 2016. 

FICO's EQ:621 (10/1/14) TU:627 (09/14/14) EX:647 (09-14-14)
Beginning FICO's EQ:503 05/12/13 TU:510 (05/12/13) EX:501 (05/12/13)
GOAL: 750-800
UPDATE 01/02/2015 EQ: 661 TU: 683 EX: 685
Gardening and Myfico Fitness Challenge: Goals: scores >700 by June 2016, CC Util 10% by June 2017, Home Purchase goal date: Dec 2017
Message 15 of 45
Valued Member

Re: December 2016 closers???

Purchase Price: $258,000 (with $5600 in seller paid closing costs) 
Signed Contract: 11/1/16
Location: La Vernia, TX 
Property Type: Single Family
Type of Loan: FHA 30yr fixed
Loan Rate: 3.625
Appraisal: $263,000 on 11/20/16

Cleared to close: 11/30/16

Final Walk through: Noon on 12/7/16

Closing Date: 12/07/2016 at 2pm
Closed On: Pending

FICO's EQ:621 (10/1/14) TU:627 (09/14/14) EX:647 (09-14-14)
Beginning FICO's EQ:503 05/12/13 TU:510 (05/12/13) EX:501 (05/12/13)
GOAL: 750-800
UPDATE 01/02/2015 EQ: 661 TU: 683 EX: 685
Gardening and Myfico Fitness Challenge: Goals: scores >700 by June 2016, CC Util 10% by June 2017, Home Purchase goal date: Dec 2017
Message 16 of 45
Established Contributor

Re: December 2016 closers???

 

Purchase Price: $273,300 (with $8000 in seller concessions + 2% towards closing costs) 
Signed Contract: 06/24/2016
Location: Mesa, AZ
Property Type: Single Family
Type of Loan: VA (with 660 mid score, mine is 680)
Loan Rate: 3.625%
Appraisal: 11/20; $275,000

Cleared to close: 12/03/2016

Final Walk through: 12/6/2016 @ 9am

Closing Date: 12/06/2016 @ 12pm
Closed On: ?

Also was able to get realtor to give 2% concession which paid down purchase price (or VA funding fee, whichever way you look at it)

Funds to bring at closing: -$447 (credit back to me)

 

They said they did a credit refresh on Thursday and everything is a go, got another email 3 hours later that said:

 

Congratulations, your loan documents have been emailed to the closing agent!  They will contact you to sign these documents with a notary to complete the loan process.

 

If required...you will need to bring your final funds to escrow through a wire or cashier's check.  Your Closing Agent will connect with you directly on those items.

 

Please don't hesitate to reach out to me with any questions!woohoo.jpg

" EX 698 EQ 701 TU 707 MMS 705"
Message 17 of 45
Established Contributor

Re: December 2016 closers???

Purchase Price: $273,300 (with $8000 in seller concessions + 2% towards closing costs) 
Signed Contract: 06/24/2016
Location: Mesa, AZ
Property Type: Single Family
Type of Loan: VA (with 660 mid score, mine is 680)
Loan Rate: 3.625%
Appraisal: 11/20; $275,000

Cleared to close: 12/03/2016

Final Walk through: 12/6/2016

Closing Date: 12/06/2016
Closed On: 12/06/2016 @ 11:30a

Also was able to get realtor to give 2% concession which paid down purchase price (or VA funding fee, whichever way you look at it)

Funds to bring at closing: Received $427.00 back at closing

 

That's the final chapter of my journey

" EX 698 EQ 701 TU 707 MMS 705"
Message 18 of 45
Established Member

Re: December 2016 closers???


@gsully00 wrote:

Purchase Price: $273,300 (with $8000 in seller concessions + 2% towards closing costs) 
Signed Contract: 06/24/2016
Location: Mesa, AZ
Property Type: Single Family
Type of Loan: VA (with 660 mid score, mine is 680)
Loan Rate: 3.625%
Appraisal: 11/20; $275,000

Cleared to close: 12/03/2016

Final Walk through: 12/6/2016

Closing Date: 12/06/2016
@Closed On: 12/06/2016 @ 11:30a

Also was able to get realtor to give 2% concession which paid down purchase price (or VA funding fee, whichever way you look at it)

Funds to bring at closing: Received $427.00 back at closing

 

That's the final chapter of my journey


Congratulations. Enjoy getting settled into your place. 12/22 can't come quick enough for me.

Message 19 of 45
Established Member

Re: December 2016 closers???


@mvnup2017 wrote:

Housing Type: New construction

Purchase Price: $275,380 (with $6000 in seller paid closing costs) 

Signed Contract: 09/13/16

Location: Raleigh, NC

Property Type: Single Family

Type of Loan: FHA (mid score of 630)

Loan Rate: 4% (locked 2 weeks ago when rates started rising) :-\

Appraisal: TBD

Cleared to close: TBD

Final Walk through: 12/16/16

Closing Date: 12/22/2016

Closed On: TBD

 

 

I have watched these posts come and go each month, impatient, daydreaming, wishing for the day and it is finally here. I'm a single mom and this is a new construction home with Pulte mortgage/Centex homes. My scores were in the 400's a year and a half ago, rebuilt for a while and finally about to close on my first home.


Appraisal came back at $280,000 - loan is for $270,000 so not sure if that means I have $10k in equity? 

Message 20 of 45
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