Let’s start out by saying that for once, it’s a good thing that I have a (bad) habit of micromanaging. Monday morning dawned bright and clear with no calls from either the bank or the developer. By afternoon, I was getting nervous because they were several hours late with their phone calls and we really wanted a closing date before the end of the year, which meant there was no time for delays.
The developer finally called me back sometime mid-afternoon and during the conversation she mentioned setting up the appointment for after my husband got back. Wait? Got back from where? Apparently they had mixed up files on their end and our file had a note that “the husband” was out of town for three weeks, definitely not the case! It’s a good thing that I called otherwise we could have been delayed quite a while. As it was, this was only the first of many hiccups.
By close of day, the developer said that she still had not received a reply from the bank with the loan packet and would try emailing our lender again. As soon as I got off the phone with her, I made a call to Paul (our lender) and found that he hadn’t heard from the developer at all, so somewhere the lines of communication had fallen. I told him what she needed and he promised to get on top of things. Meanwhile, I let Quake know where everything stood and he followed up with Paul to get the developer the right information.
Tuesday morning, just after 8 o’clock, I got a message from Paul saying that he didn’t have the loan packet after all because he didn’t have all the docs he needed from us… great… Now he tells me. By this time, Micah was already home from the night shift and asleep, so I loaded up the kids and a bag full of snacks and books, and headed out to the bank with a file folder stuffed full of tax returns, bank statements, and pay stubs. Once I dropped off the file with Paul, we headed over to Costco to pick up groceries and I had barely gotten through the checkout line when his assistant called to say the loan packet was ready for pickup. Putting the frozen stuff in the car’s cooler, I headed back to the bank, picked up the docs, and headed over to the developer. Once she had the file, we made an appointment for the next morning to sign the paperwork for the needed approval.
Wednesday morning, we met with the developer and went over a stack of papers several inches thick. Check one thing off the list. That evening we were emailed the full packet and Good Faith Estimate from the bank and discovered it has the wrong amounts listed (by like $15,000!) and let Quake know so he could sort everything out.
Thursday, everything was straightened out with the bank and they got the correct numbers from the developer so packet was now correct. We made an appointment for the next morning to sign the paperwork.
Friday morning, we headed over to the bank and signed even more papers, shook a few hands, and our loan was sent out for processing. On the way home, we called Quake and gave him the green light for inspections.
So here we are, Saturday, I’m about to head out for a long day of sessions (five total!) and we are that much further along in the home buying process. On Monday/Tuesday, inspections will take place and we’ll get the full report for that and let the lender know of any repairs that need to be made. On Tuesday, the loan officer with the developer returns from her conference and our flagged contract will be waiting on her desk. Both the lender and the developer will begin the verification process of our income and assets, and we’ll start getting quotes for the list of things we have to get before closing.
Right now, we’re looking at a mid-December closing date. They originally had our closing date listed for Dec. 17th, but that’s actually the day we leave for Christmas vacation to TN, so we’re moving that date up a few days (aiming for the 9th-13th), just less than five weeks away. I’m not looking forward to all the packing that lies ahead, but it’s worth it to have our own home, so very worth it!