SEFCU…I always bugged Kenny about getting rid of Bank of America and switch to SEFCU and he finally made the move and thats who is getting the loan through.
Ok so apparently I was a little off on the figures (everything was done in my wife and mother-in-law’s name so I only got bits and pieces from each). I guess the appraisal fee was around $800 or so, inspection was $500, lawyer fee was around $300-$400, and then some other small fees; and it was NOT an FHA underwriter, but the bank’s head underwriter. So it wasn’t as bad as I thought before but still sucked to pay for something and get absolutely nothing out of it. And I know that its the nature of the business for the realtor, but I still felt bad b/c she was absolutely great and spent countless hours with us… and then ended up with nothing. Going through SEFCU.
Getting the hell out of this money pit… lol.
I wasn’t expecting to actually get approved so we have been putting our money towards paying stuff off and have very little saved up for a down payment. With an FHA loan, its only a minimal 3.5% down… but FHA is a little anal when it comes to the house condition… and apparently has gotten even more anal. There can’t be any peeling paint on the exterior, no major holes/damage on the interior, etc. But with the low down payment, and good rate, its worth it.
Oh and BTW Jammer… if you are still doing inspections, expect a PM from me in the near future… lol. We used the same inspector for the last house as my mother-in-law used for the house we are in now… and after seeing all the stuff that he didn’t check, we won’t be using him again… lol. If you are still doing them, shoot me a PM with your contact info. We just started looking so it may be a little while… just wanted to give a heads up.
Best of luck to you. My wife and I spent months looking for a house and finally had to give up and renew our lease for another year. Gonna start looking again next summer.