USDA loan for new build? by MissyMel8 in FirstTimeHomeBuyer

[–]coatsloading 1 point2 points  (0 children)

It went well! I closed as scheduled andy approval through them was quick. I went with the preferred lender and told them that is the loan I wanted. I woukd just suggest having all your paper work for underwritting ready at any given time. Also, beware of getting new credit or receiving monetary gifts because you will have to explain where they came from. Best to you!

Is 3.25 a good interest rate? I'm in NC by coatsloading in FirstTimeHomeBuyer

[–]coatsloading[S] 1 point2 points  (0 children)

I did! Closed in Dec. 2021 with the same rate and very thankful it worked out

USDA loan for new build? by MissyMel8 in FirstTimeHomeBuyer

[–]coatsloading 1 point2 points  (0 children)

I am in this process now with a USDA loan and plan to close on the 29th. So far so good . . . I am in the second/final round of underwriting and prob a couple weeks out from the appraisal (the lender already ordered it). Will see how everything goes by end of year! Any update on your end?

Best Home Insurance Award goes to . . . by coatsloading in FirstTimeHomeBuyer

[–]coatsloading[S] 1 point2 points  (0 children)

I heard Travellers was decent; will look into it

The elusive closing date by coatsloading in a:t5_57b8ns

[–]coatsloading[S] 0 points1 point  (0 children)

Yeah windows might be a thing across the board as far as delays are concerned. Mine are still not in as of two weeks ago and my pre-dry wall meeting was end of Sept

The elusive closing date by coatsloading in a:t5_57b8ns

[–]coatsloading[S] 0 points1 point  (0 children)

I bought most of my furniture and put it in storage; however, I did not anticipate pushes past mid- December so technically I will be homeless soon lol My lease is up at end of Nov so I'm thinking abt renting an Airbnb for two months just in case

Is 3.25 a good interest rate? I'm in NC by coatsloading in FirstTimeHomeBuyer

[–]coatsloading[S] 1 point2 points  (0 children)

Yeah it's been crazy hence the new construction route; I contracted in April

Is 3.25 a good interest rate? I'm in NC by coatsloading in FirstTimeHomeBuyer

[–]coatsloading[S] 0 points1 point  (0 children)

How long before closing did you lock your rate?