September 15, 2014 at 11:09 pm #11300homeinkcParticipant
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!September 16, 2014 at 11:39 am #11309dreamingofhomeParticipant
Congrats on your new home homeinkc!!!September 16, 2014 at 12:21 pm #11310TTrumbleMember
CONGRATULATIONS!!!!! Enjoy your home!
Online Operations, NACA
firstname.lastname@example.orgSeptember 16, 2014 at 3:07 pm #11318Mr DreamParticipant
Congrats homeinkc! Good luck on your new home 🙂September 17, 2014 at 12:39 am #11338browngirlParticipant
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!November 23, 2014 at 3:54 pm #12347deb501Participant
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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