cancel
Showing results for 
Search instead for 
Did you mean: 

Finally Closing

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Valued Member

Finally Closing

We are finally closing on our home today at 4:00 EST. 30 year fixed rate, VA loan. We end up buying some points because my credit score was not the strongest at the time of  the application. Here are some timelines.

July 19, 2019 - Submitted an application.

July 22, 2019 - Got pre-approved.

July 28, 2019 - Submitted an offer on a house.

July 31, 2019 - Sellers accepted the offer, tentative closing date set for August 30, 2019.

August 9, 2019 - Appraisal was ordered, and our application was submitted to underwriter.

August 22, 2019 - Appraisal received.

August 30, 2019 - Conditional pre-approval received from underwriter.

September 6, 2019 - All conditions submitted.

September 9, 2019 - Clear to Close.

September 11, 2019 - Closing

 

Capture1.PNGCapture2.PNGCapture3.PNG

Starting Score 2/21/2019: EQ 546 TU 567 EXP 560 MORTGAGE SCORES EQ 543 TU 476 EXP 470
Current Score as of 8/21/2019: EQ 650 TU 653 EXP 645 Fico 5, 4 & 2 EQ 617 TU 626 EXP 581
Goal Score: MORTGAGE SCORE OF 580 TO BUY A HOUSE


Take the myFICO Fitness Challenge
Message 1 of 7
6 REPLIES 6
Contributor

Re: Finally Closing

Congrats!!!!!

Starting score 6/19 TR 567 Ex 589 EQ 540
7/19 TR 620 EX 595 EQ 577
8/19 TR 643 EQ 614 EX 612
Goal: 680 by 12/19
Message 2 of 7
Regular Contributor

Re: Finally Closing

Congratulations on your new home and thank you for providing so much information!  Great motivation for those of us who are queing up for future home purchases!

Starting FICO 8 December 2017


FICO 8 as of 9/7/19

FICO 5/4/2 as of 9/7/19




Sock Drawer:


Goal: Middle Mortgage Score of 720 by 4/2020
Message 3 of 7
Valued Member

Re: Finally Closing

For those of you who are working on your credit score and trying to clean up, dont give. I started cleaning mine up in February of this year, paying off collections and getting my utilization % down did wonders for my credit score. I went from a middle mortgage score of 476 to 613 in just over 5 months. 

Starting Score 2/21/2019: EQ 546 TU 567 EXP 560 MORTGAGE SCORES EQ 543 TU 476 EXP 470
Current Score as of 8/21/2019: EQ 650 TU 653 EXP 645 Fico 5, 4 & 2 EQ 617 TU 626 EXP 581
Goal Score: MORTGAGE SCORE OF 580 TO BUY A HOUSE


Take the myFICO Fitness Challenge
Message 4 of 7
Valued Member

Re: Finally Closing

And also, that is not the Final Closing Disclosure, the are currently doing a new one because we havent gotten credit for the appraisal fee that we already paid. So we might not even have to bring money to the closing.

Starting Score 2/21/2019: EQ 546 TU 567 EXP 560 MORTGAGE SCORES EQ 543 TU 476 EXP 470
Current Score as of 8/21/2019: EQ 650 TU 653 EXP 645 Fico 5, 4 & 2 EQ 617 TU 626 EXP 581
Goal Score: MORTGAGE SCORE OF 580 TO BUY A HOUSE


Take the myFICO Fitness Challenge
Message 5 of 7
Valued Member

Re: Finally Closing

So inspiring! Thanks for sharing your journey. We also started in the 400 club for mortgage score. Recently reached  600 for two of them and waiting for one last collection to fall off. And like you, cap1 and syncrony does not want to let up with the charge offs.  Hopefully we can share good news within the next 6 months.




Starting scores 8/23/18
Mortgage Equifax 533 Experian 463
Transunion 545
FICO 8 TransUnion 580 Experian 577 Equifax 533
Current FICO 8 scores
Equifax 620
Experian 640
TransUnion 620 as of 8/15/19 Mortg 578, 568, 616
Message 6 of 7
Valued Member

Re: Finally Closing

*Update*

 

Thank yall everybody. So we signed all of the documents on Wednesday evening, but we were just waiting on the final closing disclosure. When we made the offer on the house, we asked for Seller concessions of up to $6500, final closing costs were around $6200, so we should have gotten some money back, at least $525 for the appraisal that we paid for. Well at the beginning we were supposed to be paying $94 at closing, then  changed to $205, then it changed again that we were going to be getting $313, and then only getting $137, so we started to ask questions, wondering why we were only getting $137, and that delayed us from getting the keys. So we had to wait until Thursday morning to get an explanation on the final numbers and they told us that the Lenders wanted us to make an "investment" and thats why we were only getting  $137. We finally said fine, and we finally got the keys to the house on Thursday around noon time.

Starting Score 2/21/2019: EQ 546 TU 567 EXP 560 MORTGAGE SCORES EQ 543 TU 476 EXP 470
Current Score as of 8/21/2019: EQ 650 TU 653 EXP 645 Fico 5, 4 & 2 EQ 617 TU 626 EXP 581
Goal Score: MORTGAGE SCORE OF 580 TO BUY A HOUSE


Take the myFICO Fitness Challenge
Message 7 of 7
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.