Location: VA - Moving to Texas
Purchase price - $195,995
% Down - 0%
Product - 30 yr FHA
Mid score - 660
Sellers Credit - $1000, Lender: $1,500 + $9,858 from First-Time Homebuyer Program
Rate - 3.75% Locked until 10/15
Estimated Close Date - October 29th
Possible issues - Just waiting to get my final approval, submitted all of my conditions to the underwriter. My home is a new construction home, was suppose to close on 10/20 but got pushed back till 10/29. Just nervous since I am a first-time homebuyer. Hope all goes well. Congrats to all the October closers!!!
Location: North Carolina
Purchase price - $420,000 new construction
% Down - 0% (10k lot deposit being put towards closing)
Product - 30 yr VA
Builder's Preferred Lender Credit: $5k
Mid score - 685 <---THIS SCORE WAS ~530 in February 2020!
Rate - 3%
Estimated Close Date - 10/29
Possible issues: None whatsoever. The only delay would be on the builder's end. I'm using their preferred lender and getting cash back at closing. All homes in the subdivision have exploded in value so appraisal shouldn't be an issue.
Closed without issues. Now that I have keys, I suppose i should start packing.
Good luck to the rest of the October closers.
Location: New York
Purchase price - $580,000
% Down - 5%
Product - 30 yr conventional
Mid score - 702
Sellers Credit - $500
Rate - 3.125%
Estimated Close Date - TODAY! We were originally scheduled to close September 27th but a delay with the municipal search and then the sellers needing more time pushed us back about a month. I'm just glad to be over with this part!