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USDA Direct Loan - Pennsylvania ** CLOSED**

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Valued Member

Re: USDA Direct Loan - Pennsylvania **Updated 05/13/2019

05/22/19 - Attending the Homeowner's class this evening, all I have left to do is pay for the home owner's insurance tomorrow and submit proof. Getting nervous as expected closing date approaches!

Message 41 of 52
New Contributor

Re: USDA Direct Loan - Pennsylvania **Updated 05/22/2019

this is so helpful ! thank you for sharing and congrats on your home.

Message 42 of 52
Valued Member

Re: USDA Direct Loan - Pennsylvania **Updated 05/30/2019

05/23/19 - Submitted proof of insurance and signed the Closing Disclosure from the USDA. 

 

05/30/19 - Yesterday I received the cash I will need to bring to closing. Today at 4:00 is my final walk through, closing is scheduled for 4:00 tomorrow... I am very excited!!!!

Message 43 of 52
Valued Member

Re: USDA Direct Loan - Pennsylvania **Updated 05/30/2019

5/31/19- Had closing at 4:00! Only about 25 minutes of paperwork! So happy to finally be a homeowner! Now the fun part of moving begins!
Message 44 of 52
Established Contributor

Re: USDA Direct Loan - Pennsylvania **Updated 05/30/2019

Wow, wow, wow ! Congrats ! Are you enjoying your new home ? 

BK7 Discharge 1/16
10/15 ~ EQ: 406; TU: 520
10/18 ~ EX: 666; TU: 646; EQ: 652
Message 45 of 52
Valued Member

Re: USDA Direct Loan - Pennsylvania **Updated 05/30/2019

I definitely will once we are moved in completely and unpacked. I forgot how miserable the process of moving is!
Message 46 of 52
Established Contributor

Re: USDA Direct Loan - Pennsylvania **Updated 05/30/2019

I'm getting a jump on moving by throwing out stuff now.

 

Did they pull your credit before closing ?

BK7 Discharge 1/16
10/15 ~ EQ: 406; TU: 520
10/18 ~ EX: 666; TU: 646; EQ: 652
Message 47 of 52
Established Contributor

Re: USDA Direct Loan - Pennsylvania **Updated 05/30/2019

I've got another question when you get a chance to come back  - USDA has my insurance estimated at 900 per year. When I got a quote from Geico, it was double that. Do I need to get the quote as low as USDA's or does it matter ?

BK7 Discharge 1/16
10/15 ~ EQ: 406; TU: 520
10/18 ~ EX: 666; TU: 646; EQ: 652
Message 48 of 52
Valued Member

Re: USDA Direct Loan - Pennsylvania **Updated 05/30/2019

If your insurance is higher than their quote your payments will be higher. Try to look around I tried geico and they estimated mine around $1200. I found a place that is only $515 a year, I got around 7-8 quotes before I decided on a place. Definitely shop around. Also don’t forget you have a pay a whole years worth of home insurance before closing so this will definitely benefit you too!
Message 49 of 52
Established Contributor

Re: USDA Direct Loan - Pennsylvania **Updated 05/30/2019

Thank you. Do you mind sharing which company you chose ? And did USDA run your credit before closing?
BK7 Discharge 1/16
10/15 ~ EQ: 406; TU: 520
10/18 ~ EX: 666; TU: 646; EQ: 652
Message 50 of 52