southflorida

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Viewing 15 posts - 1 through 15 (of 925 total)
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  • in reply to: Aggy! #62517
    southflorida
    Member

    It is great that NACA Customer Service is now on the forum, that will be a great help for members who need it

    in reply to: Prayer Warriors! I Need YALL! #62353
    southflorida
    Member

    Good luck, I went through the same thing but with a New Construction and I ended up having to pay the difference because they were already giving me a good amount in seller contribution.

    PS: I don’t know why I’m getting the following error message when I try to reply to a post:
    ERROR: Slow down; you move too fast

    PS 2: I have been trying to post this for like 10 minutes and I keep getting the same error message

    in reply to: Income Calculation and Shock Questions #62352
    southflorida
    Member

    Just to make things easier, make sure that the balance of all bank accounts combined added up increase by at least $129 every month and you will not have issues getting approved for $1,374 as long as your minimum debt monthly payments are not more than 9% of your monthly gross income. does it make sense?

    in reply to: Final CTC .. seller delay of closing #62351
    southflorida
    Member

    @Renegade I would assume that you have to sign the new documents, there was a change of circumstances, the numbers are changing for sure, with the additional $1K in seller contribution, I am assuming you would be getting a lower interest, However, consult with your NACA counselor

    in reply to: House hold member under 21? #62349
    southflorida
    Member

    Based on your sister’s age, I don’t think it would affect the process because of her age and because she does not have any income or debt, I would recommend not to do anything about it and just continue the process as it is even if she will be moving in with you. However, even though I am a real estate agent, I am not a NACA counselor or a NACA employee, I just wanted to clarify that just in case, that’s just my opinion and my recommendation

    in reply to: Online Bank #62348
    southflorida
    Member

    If they ask for recent bank transactions not included in your most recent bank statement, you can send them a PDF document that shows the URL of the Bank website, instructions below:

    If you click “print” and then select “Print to PDF” it will save it as a PDF with the URL.

    Make sure in the “header / footer” section, URL option is turned on.

    To turn on the URL:

    Right Click, Select “Print Preview”

    Click on “Page Setup (gear symbol)

    Header / Footer: URL

    Click “OK”

    If you just click the printer symbol after, it will take you to the print dialogue box.

    To Save as PDF See below.

    Right Click, select “Print”

    Dialogue box opens. You select “Microsoft Print to PDF” and click print again.

    Once you click print the second time, it will let you save it to your computer.

    in reply to: Bank of America Lender Credit for Interest Rate Buy-Down #62347
    southflorida
    Member

    I just wanted to clarify something @Nelsont mentioned about Realtor fees, with the NACA program, Bank of America does not pay for the seller’s or buyer’s realtor fees, that’s paid by the seller just like in any type of loan.

    Bank of America pays for some closing costs, but definitely nothing to do with realtor’s commissions.

    in reply to: Credit Access Crazies! #62033
    southflorida
    Member

    Oh ok, so still owning the house is no issue while being in Credit Access and even Bank application with Bank of America? I am asking because I believe that someone has posted here that you can’t own the house when the Bank Application comes which I though was strange because Tim has indicated before that as long as the current house closes before the new house, there are no issues

    in reply to: Credit Access Crazies! #62023
    southflorida
    Member

    @Belle can you please give us more details of how your experience has been with NACA buying a house while having/selling your current house?

    in reply to: Not closing on time #61863
    southflorida
    Member

    what’s the number of the mortgage department? When I went through NACA the process was different and you were assigned a Closing Coordinator.

    in reply to: Commitment Letter #61709
    southflorida
    Member

    @vasumo when did you go to the office to sign the bank application?

    in reply to: Commitment Letter #61687
    southflorida
    Member

    I would also like to know how long it’s taking BOA to generate the commitment letter after the Bank application is submitted

    in reply to: My Naca Journey and Story so far, let me share with you #61676
    southflorida
    Member

    what do you mean present properties? your realtor should have some general knowledge of the properties you would be able to afford based on your approval monthly payment, he/she should analyze things like the taxes, HOA (if any), purchase price, etc, if he/she considers that you can afford it, he should send it to you for your review, if you like it, he/she will show it to you, if you like it, he/she will request a property Specific Letter (PSL) to your counselor so you can make an offer and in my experience, counselors take PSL’s request more serious than other normal questions, so you should get it back within a day or two… I also live in Florida and I know that good properties sale quickly, so follow up with your counselor after your realtor has requested a PSL and you should get it back quick.

    in reply to: Question about buying land #61528
    southflorida
    Member

    @outrenthome I think that Tim Trumble once said here in the forum that it would be possible but he has not seen anybody do it that way…

    in reply to: Qualification frustuation #61502
    southflorida
    Member

    @ki_dreams Don’t give up just because you are a non-priority member, some people tend to assume than buying in a priority area is buying in a bad area with bad schools, I was a non-priority member and I purchased in a priority area and I would not change anything about it

Viewing 15 posts - 1 through 15 (of 925 total)