Showing posts with label loan processor. Show all posts
Showing posts with label loan processor. Show all posts

Tuesday, July 8, 2014

Loan Approved!!


Well, conditionally, but we only have a few outstanding conditions remaining which include updated pay stubs and bank statements.  No crazy or unreasonable requests.

After reading a few fellow Ryan Homes blogs, we were anticipating the worst when it came to dealing with NVR. The process for us was relatively quick and has been painless thus far, so no complaints from us!  In all, it took about two and a half weeks from the time we submitted our paperwork to today when we received our conditional approval.  And about 4 days from when we were advised that our loan went into underwriting to our approval.  Not too bad considering we were told it would take about 28 days to hear back from them.

In other news, our Guardian appointment is scheduled for Saturday, so we are still rolling right along!

Monday, July 7, 2014

A few Updates and Now We Wait!

Just a few updates, nothing major but we're making progress!

On Thursday we received a from our Loan Processor from NVR that our loan was being submitted to underwriting and that due to the 4th of July holiday, that things might be a little slower than usual.  She estimated 7 to 10 days before we hear anything back.

Just waiting around

We met with our SR yesterday afternoon to sign off on our final color selections and to acknowledge that we are over 14 days from signing our purchase agreement and can no longer make any structural changes.  We also finalized the locations of our exterior gas line in the rear of the house, moved some cable outlets around, and locations of electrical outlets that we added.

We will need to go back to sign off on our wiring selections after we meet with Guardian which was scheduled for today, however had to be cancelled by the the Guardian sales rep.  We are hoping that this will be rescheduled this week.

Some things that we are considering with Guardian are:

  • Flat Panel wiring for the family room
  • Adding additional cable outlets in the bedrooms
  • Security system
  • Surround sound pre-wire hookup in the basement

We received clarification on our timeline for construction which is exciting and pretty unbelievable that they will be able to clear our lot of all the trees, dig a hole, and build a house in such a short amount of time!

  • Last week of July - Pre-Construction Meeting
  • August 10 - Construction/Clearing Lot Begins
  • Last week of October/First Week November - We received Keys!

And now we wait!!!