Closed on our house today

[Lone Sailor]

I'm glad that's finally over and done with. Been a long time since I have been through the motions of home buying, and it's more drawn out along with more red tape than I remember. Major props to SVT Lurch & Real Estate Nate for the great service and making this transaction easier than I thought possible. Now for the fun part.... moving.

[Lason]

congrats!

[SVT Lurch]

Glad to help! Nate said to let him know when you've moving and he'd be over to help.

[LS1Goat]

Congrats.

Just recently refinanced mine with CHASE and they paid my closing cost. I'm pretty happy about that at the moment.

[OreoStang]

Kool to hear and congrats

[Roscoe]

Congrats! Post pics!

<--bets it has a 15 car garage...

[Real Estate Nate]

I'm glad that's finally over and done with. Been a long time since I have been through the motions of home buying, and it's more drawn out along with more red tape than I remember. Major props to SVT Lurch & Real Estate Nate for the great service and making this transaction easier than I thought possible. Now for the fun part.... moving.

Update that location homie!

[Lason]

ok so what does SVT Lurch do?

[Lone Sailor]

Kool to hear and congrats

Thanks.

Congrats! Post pics!

<--bets it has a 15 car garage...

<-- Not a DFWM Baller.

Update that location homie!

In due time danielson, in due time.

ok so what does SVT Lurch do?

He is a mortgage specialist. He can answer any questions you have as well as take you through the whole lending process.

[Sgt Beavis]

*Golf Clap*

Congrats on the new house

[SVTNorthTexas]

Don't you have to have damn near 20% down and 750 credit score to get into a house now-a-days?

Congrats on the new house, make sure to post pics!

[ELVIS]

congrats!

god bless.

[Real Estate Nate]

Don't you have to have damn near 20% down and 750 credit score to get into a house now-a-days?

Congrats on the new house, make sure to post pics!

Na...You just have to be able to jump threw a few hoops a couple hundred times an average credit score and a little cash or know someone that can/will gift you some funds if you are short on the cash side.

[SVT Lurch]

ok so what does SVT Lurch do?

Mortgage Loan Officer -basically if you're buying/refinancing a house I'm the guy that gives you the money.

Don't you have to have damn near 20% down and 750 credit score to get into a house now-a-days?

That's considered "A-paper", but we can do the following:

VA - no down payment - minimum 620 FICO (must be a veteran)

USDA - no down payment - minimum 620 FICO (property must qualify)

FHA - 3.5% down payment (can be gift from blood relative) - minimum 640 FICO with most investors, but we just got a broker that will go down to 600

Conventional - minimum 5% down payment (20% required to avoid mortgage insurance or a 2nd lien) - can go down to a 620 FICO but the pricing hits on the rate are pretty bad below 680.