September closers!

[Anonymous]

Location: Tucson (Marana), AZ

Purchase price - $504,000
% Down - 20%
Product - 30 yr fixed 
Mid score - 742

Sellers Credit - $4,000
Rate - 2.75%

Estimated Close Date -  September 2
Possible issues - It's a new build and we keep getting pushed back because the house isn't done. It was supposed to be finished in April, I think there are at least 2-3 more weeks until it is completed but we'll see.

[Anonymous]

It's a new build so as long as there a no new shortages everything looks good!

[MauiMan85297]

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@Anonymous wrote:

Can you believe that in spite of literally never overdrafting, I somehow did today? I have been keeping the majority of funds in savings and today an auto payment went through early and somehow posted 3 overdrafts over night as a result. I immediately transferred money from savings to checking but the overdrafts will be on my statement. I check my accounts multiple times a day so I have no idea how this managed to hit and post in the span of a few hours but here I am. Really hoping that no one will ask for another set of bank statements before we close on 9/3.... or that if they do, the fact that I have a pile of money in savings will offset the oops. Ugh, just what I needed, more stress!

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It's probably past that point and even if it's not they would most likely require an LOE to add to file- no biggie! enjoy the move

[Anonymous]

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@Anonymous wrote:

Can you believe that in spite of literally never overdrafting, I somehow did today? I have been keeping the majority of funds in savings and today an auto payment went through early and somehow posted 3 overdrafts over night as a result. I immediately transferred money from savings to checking but the overdrafts will be on my statement. I check my accounts multiple times a day so I have no idea how this managed to hit and post in the span of a few hours but here I am. Really hoping that no one will ask for another set of bank statements before we close on 9/3.... or that if they do, the fact that I have a pile of money in savings will offset the oops. Ugh, just what I needed, more stress!

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It's very frustrating when this happens, especially when you have plenty of money. But, I wouldnt worry about it. We refinanced our vacation home last year and about a week before closing somehow I overdrafted our checking account by $15 and our overdraft line of credit kicked it. I always assume there is money there ... probably not the best approach. I immediately transferred money from our external savings over to NFCU. Our mortgage, refinance, and checking were with NFCU. They either didn't catch it or didn't care. I learned a lesson though .... I now keep at least $5k in a NFCU money market account.

[Anonymous]

Good news! I'm signing for the sale of my current home tomorrow. Closing on this house is Thursday. The moving container was dropped off today so it'll be a busy weekend of packing followed by movers on Monday. Starting to feel real!

[Anonymous]

Location: Dallas, TX (smaller suburb outside of Dallas)

Purchase price - $291,990
% Down - 5%
Product - 30 yr fixed 
Mid score - 659

Sellers Credit - About $5800 (builder credit) 
Rate - 2.875

Estimated Close Date -  September 21
Possible issues - Any builder delays. Currently in UW and the process is daunting. Received conditional approval back at the end of May, but my nerves still get the best of me as a first time home buyer. 

[Anonymous]

Welcome! New builds are definitely stressful, my current home is one. It's worth it in the end though. 

[terren2000]

Location: California (DR Horton)

Purchase price - $380,550
% Down - $0
Product - 30 yr fixed 
Mid score - 751

Sellers Credit - $5000
Rate - 3.5% Interest - 4.0 APR

Estimated Close Date -  September 3

Initially close was August 3, but delayed.

[Anonymous]

Welcome terren! A one month delay is brutal! We're closing twins now, my purchase also closes on the 3rd.

[terren2000]

@ReadyForHome

Dr horton just pushed me back to September 17th.

Said they are delayed do to Edison installing electricity by the end of the month.  I saw the powerlines up.  Not sure how any of that works.