May and June Closers

[Catacam]

So I haven't seen a thread for May and June. Now that things are feeling a little more realistic for me, I thought I would start one!!

• Listing Price: $272,313 (builder contributing $8k toward closing costs)
• Property: New Construction
• Submitted offer on: 1/18/2012
• Signed Purchased contract on : 1/22/202
• Type of Loan: FHA Loan (First Guaranty)
• Loan Rate: Not sure yet. We aren't Locking until rates get better
• Loan Application submitted: 3/16/2012
• Loan approved: 2/28/2012 3/17/2012
• Committment letter received on: 1/17/2012
• Closing date: May 10, 2012
• Closed on: Not yet

Company has all of our paperwork and we are currently waiting additional underwriting conditions. We have challenged credit, so we shall see what comes back!!!

[SuzyStellar]

• Listing Price: $124.900 offer accepted at $111,111.00 (We used our wedding date for our highest & best offer )
• Property: Traditional 2 Story Home built in 1910
• Submitted offer on: March 11, 2012
• Signed Purchased contract on : March 15, 2012
• Type of Loan: USDA Direct
• Loan Rate: 3.25%
• Loan Application submitted: early February 2012
• Loan approved: mid February 2012
• Committment letter received on: April 20, 2012
• Closing date: Supposed to have been May 11, 2012 for our 6 month anniversary, but our LO says May 2, 2012
• Closed on: Soon!! 

[Catacam]

Yeah Suzy!!

[rckstrscott]

• Listing Price: $185,000
• Submitted offer on: March 26, 2012
• Signed Purchased contract on : March 29, 2012
• Type of Loan: FHA
• Loan Application submitted: Early April
• Loan approved: stilllllll waiting...
• Closing date: Before May 31st, per the contract
• Closed on: who knows!

Yeah.. In a bit of a holding pattern waiting for the seller to do a few things, hopefully will have an actual estimated close day in the next couple days!

-scott

[ReBuild-OH17]

Listing price$85,000
Property type single family home built in 1973
Submitted offer on 4/11/12
Offer accept 4/12/12
Fha loan
3.875%
Loan app submitted April 19th
Loan approved? Not sure, havent been through underwriting with this house.But my credit was approved with a previous house.
No commitment letter yet
Closing date: by the the end of May

[TheR105]

Listing Price: $109,980 Purchase Price: $105,500 $2,500 towards closing costs now $500 because we are sharing the cost for a new roof
Property: Ranch all brick
Submitted offer on: 3/24/2012
Signed Purchased contract on : 3/26/2012
Type of Loan: FHA Loan (Charter One) $3100 gift money towards down payment
Loan Rate: 3.75
Loan Application submitted: 3/26/2012
Loan approved: 3/26/2012
Committment letter received on: 4/18/2012
Closing date: May 7, 2012 tentatively (appraisal this Friday)
Closed on: Not yet

[SuzyStellar]

Thanks Catacam!  Yayyy for you too!

YYYYYAYYYYYYY for all of us!!!!

I should maybe be more excited, but I think the other house dimed my heart light a little.  After we close it will look like a tacky Christmas tree!!!!  I love those the most!!!!

I wish you could all come to my house warming, cause we wouldn't have gotten here without al of you!!! 

[Anonymous]

I get so excited reading everyone's post.  We are almost there : )

• Mid Credit Score: 620
• Listing Price: 124,900  (short sale)
• Purchase Price: 119,400 with seller paying $2,400 in closing, survey, and 1 year home warranty
• Property: Existing Single family home
• Submitted offer on: January 31, 2012..Seller accepted 02/01/12 but waiting on bank to accept offer.  (short sale)
• Signed Purchased contract on : 03/01/2012... we went back and forth with counter offers 03/28/2012
• File submitted to Lender: 03/28/2012
• Type of Loan: USDA RD Guaranteed ... We have a pre approval from Core Finanacial
• Loan Rate: 4.25 locked 04/23/12
• Commitment Letter Received: 04/23/12

As it stands right now we are waiting to have an appraisor reinspect our property because they noted in the report about a broken trampoline and a missing interior door.  The door was just off the hinge (from when the seller moved).  I was really upset about having to be charged for a reinspection when come to find out the realtors knew the trampoline would be a problem.  Why would they wait for me to pay 440.00 for an appraisal knowing another one would be needed.  I have requested that they pay for the reinspection. I as a first time homebuyer did not know it would be a problem... me and my husband would have taken care of it ourselves if we had to.  

Also we are getting a WDO done.  I had the house inspected for termites but never got a WDO because it was not required.  My broker stated that this past week the USDA required one of his buyers to get one so we are going to go ahead and knock it out.  My broker still thinks that we  will be closing sometime next week but we shall see.  

I pray we all make it to closing and beyond : )

[dead9uy]

Man, where do you guys all live?? I see all of these home prices and they are so low. I am envious. I live in Portland, OR. and finding a place that is reasonably move-in ready in a desirable neighborhood will run you at least $350k- $400k. 

[cabronsaim]

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@dead9uy wrote:

Man, where do you guys all live?? I see all of these home prices and they are so low. I am envious. I live in Portland, OR. and finding a place that is reasonably move-in ready in a desirable neighborhood will run you at least $350k- $400k. 

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OR is so expensive, so is CA where I'm at, but 350-400k means you are looking at nice neighborhoods.

Other posters are probably in cheaper states ike TX,  AZ , NM, etc.