Our NACA Journey (Home4Three)

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  • #40607
    Home4Three
    Member

    2/16- Spoke to HRC several times today. She said that she needs to have her manager review the rehab budget before we can clear hand. This manager has been busy all day and she will set an appointment for us on 2/20 after the home inspection to finalize the rehab budget.
    On NACA Portal Status: UW CTC (only outstanding condition is to Clear Hand)

    2/19- Re-Inspection completed, seller completed all repairs, plus a few additional ones that were recommended by the inspector but not required by hand. Which was nice considering how much of a nightmare he has been this entire process. Inspector uploaded report to hand via portal. Phone appointment with HRC scheduled for 2/20

    #40624
    hammerdown74
    Member

    wow, just wow.. after reading through all four pages, I am happy to hear it is beginning to go your way.

    Good luck and keep us posted.

    #40636
    Home4Three
    Member

    2/20- Hand Phone appointment. So once again we have not yet been HAND cleared. HRC said at the time of our appointment that she has received the resinspection report from the inspector but that her manager hasn’t had time to review it or complete our final rehab budget yet, and she would call me before she left today and if we weren’t hand cleared she would at least give me an update. *Spoiler alert that never happened* I told my REA that I would be calling everyone nonstop starting tomorrow in order to get our file going.

    2/21- NACA Portal: Flipped back to C&I Approved (not sure what is up with that)
    I started off the Day by Called the Director/Temporary Rehab Specialist over at HAND, Also sent her a message. Called our HRC left her a message, sent her an email. My husband called member services to look for the last update on our file. Several hours later I called and left another message for my HRC. I contacted the NACA Buffalo office and spoke to the office manager and asked for her help. She said she would help me out because of the Soap Opera SAGA that is our webfile and she will call me back when she has an update. I am trying hard not to get closing crazy but I’m being very polite but also bugging the heck out of everyone in order to keep my file moving.

    #40731
    Home4Three
    Member

    2/22- No one from HAnd called me back even though I left several calls and emails Just when I was losing hope. I received an email from the HAND director that she would give me an update tomorrow.

    2/23 After Escalating Phone calls and emails, I finally had a phone appointment with my HRC who stated that my final rehab budget will be completed over the weekend by the director who has been working on it and will be sent to me on Monday Morning

    2/24- Received an email from closing coordinator that tentative closing date is 2/28, and I need to submit Proof of HOI with the effective date of 2/28

    2/25- Had HOI policy re-written with an effective date of 2/28 and sent a copy of the binder to the closing coordinator.

    2/26- Received and Approved HAND Budget. HRC Stated that closing will most likely be a few days after 2/28 since there was a COC “change of circumstances” as part of being hand cleared

    #40762
    Home4Three
    Member

    2/27- Status Changed to CTC-Final. I got an email from closing coordinator with closing scheduled for 3/16/18. SO EXCITED ☺

    #40764
    hammerdown74
    Member

    CONGRATULATIONS!!! SO HAPPY FOR YOU…

    #40878
    Home4Three
    Member

    These have been the slowest days of my entire life.

    2/28- Confirmed draw appointment with Structural Engineer for 3/17 (post close repairs)
    3/1- Final Walkthrough scheduled for 3/14/18
    3/3- Scheduled Service orders for utilities to be transferred to our name on 3/16 (closing date)
    3/5- Received Closing Disclosure in the mail.
    Ordered new Locks for the house
    Packing-like-crazy
    Moving truck ordered

    #40882
    BleuBlue
    Member

    I am sooooo excited for you!!! I can’t wait to share my journey! My apt to meet my mc was pushed back to April.

    Question @Home4Three, do you think you got approved more with NACA than you would’ve with FHA?

    #40883
    Home4Three
    Member

    @bleublue I have no idea. At the time of our intake we had little to no debt and We qualified for the full 31% of our income.My husband’s income (we only used his info for qualification) is 3x the median household income for our area. So we got approved for alot Although we ended up offering and purchasing a home for much much less.

    We never even looked into because I know FHA we would’ve had to pay more in
    1. Closing Costs
    2. Required Down payment
    3. Inability to buy down interest rate
    4. Higher interest rate
    5. Life Long PMI

    NACA is the best deal out there and we are very happy to be closing on a home that we can pay off and leave for our daughter.

    #40884
    BleuBlue
    Member

    @Home4Three oh yes!!! I need to wrote those things down so I know why I am moving fwd!

    My lease is over in Aug and I will be moving in with my mother and at times feel very anxious. Here in DC the wait is much much longer, so my timeline may much overwhelming! I know in my heart that it will be worth it!

    #40994
    Home4Three
    Member

    3/14- Had final walkthrough and everything went fine
    3/15- Received final closing disclosure copy from Attorney with additional lender credits so instead of our expected 5K in cash to close (3 buy-down points) we had anticipated per our CD that we got in the mail, our final cash to close is just $700 which was really nice! Closing is scheduled for tomorrow

    #40995

    @home4three Congrats! Did you have to do another employment verification?

    #40996
    Home4Three
    Member

    I am not sure…. I wasn’t following that part of my file so closely as my main effort was to clear hand. I believe they contacted my husband’s work after the bank application was submitted… but when that happened, who knows. All my main effort was on HAND

    #40997

    Ok. Because I have CTC-FINAL and I wasn’t sure how to see if they done the final VVOE yet. My closing is 3/23/2018 and I still haven’t got the Closing Disclosure yet. Did u get a notification when it was mailed to u?

    #41046
    Home4Three
    Member

    No notification it just appeared in my mailbox one day 🙂

Viewing 15 posts - 46 through 60 (of 69 total)
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