I was hesitant to post until the appraisiel came in, which I just got in so now I feel comfortable adding my datapoints:
Purchase Price: $340,900 (appraised right at $341k, listing was $329,900, we offered 342k and had $1900 knocked off the price due to some plumbing defects that will have to get fixed before we move in)
DP: 5% ($17,100)
Loan Amount: $323,800
Loan Type: Conventional 30-Year Fixed
Bank: First United Bank
Mid Score: 793 is what was used (inquires for mortgage dropped it down to 782)
Tentative Closing Date: 1/6/2021
Rate Locked at 2.625%
Really crazy fast in finding a house, but one popped up that we felt was the right choice for us in many ways and it had mulitiple offers so we got in, my lender has been fantastic, he even called the listing agent when we made the offer to give them peace of mind that I was well qualified.
At this point it is the waiting game, the survey is due to come in on 12/28. So far the lender has been good with everything I submitted very early in the process. The apprasial just came in this afternoon so I expect to hear from him further tomorrow.
We are extremely excited, I guess now we need to start seriously considering ordering a fridge I hear they take a few weeks for delivery. I have been watching all kinds of home improvement videos as we will have a few things to do, we want to take down some ugly mirrors in the bedrooms and we will need blinds (thinking of going with less expensive mini-blinds in the back bedrooms and then paying to have custom blinds in the front of the house).
So much to think of and of course there is the worry that something freak will get in the way of approval/closing but it would have to be really freak, I have combed my reports and my accounts before applying.
