State: Oklahoma House: 3/2; 1444sqft; .30 acres, built in 2005 Financials: $115,000; VA financing; 3.25%; $500 earnest; $1,740 closing costs
My wife and I started talking about buying a home in January.
Reached out to a lender in February, credit score was at a 611 — needed to be 620 for VA financing. Started paying off what they asked.
3/1: Lender pulls credit, 636! Tells me to start searching hard for houses 3/5: saw a house listed at 125k which was the top of our budget, scheduled a showing, canceled it because we just were unsure of it. 3/20: same house we scheduled to see and canceled; dropped the price 10k — now listed at 115k 3/21: saw house, wrote our offer! 3/21: sellers accept offer SAME DAY, verbally after realtor mentioned it, signed contract that evening. 3/24: inspector came — no big issues that we needed to negotiate (roof replaced last year, plumbing & HVAC good to go), suggested a foundation inspection due to some cracks 3/25: termite inspection — no issues 3/28: foundation inspection — no issues ??
From March 28-April 13th was a waiting game of nothingness.
4/14: VA appraisal 4/20: Appraisal comes back at listing price with a minor repair to be completed prior to closing 4/30: repairs complete, reinspected, pass, received CD 5/3: received CTC at 4:50pm with final disclosures and check amount. 5/4: CLOSED!
Credit is now up to 680 across all boards. Mortgage payment is $500 less than what we were paying in rent. Still have a great savings amount.
Bonus: the lot (.21 acres) adjacent to us is vacant and we also put a cash offer on it today to make for a bigger yard.
Good luck, everyone! Unicorns are out there!
submitted by /u/badhairgays
[comments]
Discover more from Today Headline
Subscribe to get the latest posts to your email.