Still in a little shock… I CLOSED today!

Home Forums Purchase Program Still in a little shock… I CLOSED today!

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Viewing 6 posts - 1 through 6 (of 6 total)
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  • #11300
    homeinkc
    Participant

    There were many days, I thought it would never happen….but as of today, I am officially a homeowner Thanks to NACA! It has been quite the journey…so excited, our mortgage with taxes and insurance is almost $300.00 LESS than our rent is… and its such a beautiful house!!! DO NOT give up, it will happen I know how frustrated you may be right now…but it will all be worth it in the end!!!

    Our NACA journey:

    July 2013- Attended homebuyer workshop
    September 2013- First Appointment with MC
    October 2013-Follow up appointment with MC
    February 2014-Follow up appointment with new MC(Our other MC left NACA in Late 2013)
    March & April 2014-Follow up appointments…It felt like they needed every piece of documentation ever associated with me(almost:)
    May 2014-Two follow up appointments
    June 2014-Submitted for qualification-Came back they needed a couple more things
    July 2014-Finally qualified! Attended the purchase workshop one week after I was officially qualified& received my pre-qualified purchase amount.

    July 27th 2014- Made offer on house the day after I attended the workshop.
    July 28th? 2014-Offer declined(I asked for 10k in interest rate buy down)
    July 29th 2014-Offered a little more for the sales price and asked for 5K from sellers to buy down interest rate)
    July 30th 2014-Offer Accepted
    July 31st 2014-Scheduled inspection
    August 4th-Inspection- NO Issues or Items that needed to be addressed
    August 11th?- Bank App-Locked in rate of 1.125%
    August 18th- First response with lots of conditions from Bank of America-Mostly conditions needing to be addressed from NACA
    August 19th-All conditions I needed to respond to were addressed(One was a LOE for bank account transfers and a LOE for my maiden name, another was homeowners insurance declaration page)
    August 20th- BofA condition regarding appraisal/Counteroffer addendum
    August 25th-BofA requested a utility bill showing proof of current residence
    August 27th- BofA requesting reason why title number and land parcel number don’t match
    August 29th-Original closing date-Requested extension from sellers till September 9th
    August 29th-Appraisal comes in 3k less than offer- Request sellers to lower price to 142k
    September 3rd-Now that 1st closing date of 08/29 has passed BofA requests new homeowners declaration page with new start date of 09/09/14. Addressed the same day.
    September 5th- BofA rejects homeowners insurance since mailing address shows different than property address(since I don’t live there yet, I didn’t want mail going to that address) Addressed the same day
    September 8th- BofA rejects appraisal update and adds that the apparaisal must include the latest counteroffer addendum-This condition had previously been addressed a few times
    September 10th- Called appraiser and requested the updated info to be sent to NACA so we could address this condition.
    September 11th- CTC-Closing scheduled for 10am on September 15th- Had to forward the final extension signed by sellers.

    Today! September 15th- Closed in local NACA office and received my keys! YAAAAAYYYYYYYY!

    HANG IN THERE- Be persistant, but polite and pleasant at the same time…you will be in your new home before long!

    #11309
    dreamingofhome
    Participant

    Congrats on your new home homeinkc!!!

    #11310
    TTrumble
    Member

    Hello homeinkc

    CONGRATULATIONS!!!!! Enjoy your home!

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #11318
    Mr Dream
    Participant

    Congrats homeinkc! Good luck on your new home 🙂

    #11338
    browngirl
    Participant

    Thanks for the timeline – you have no idea how helpful it is (well I’m sure you do actually). lol

    Congratulations and jingle those keys!

    #12347
    deb501
    Participant

    congrats and enjoy your first thanksgiving and Christmas in your new home! I closed july 14 and feel like I finally accomplished something that Ive wanted for years. I truly love sending off my mortgage check every month!!!!

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