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Thread: Residential Loan Timing

  1. Default Re: Residential Loan Timing

    Quote Originally Posted by Frixxxx View Post
    I have not.

    But I will try again!

    Sorry, thanks for keeping me honest.....Since I just moved! I should have asked!
    No worries, thanks for all of your helpful info on these boards! I'll post one way or another (approved or denied) so anybody else searching will have the info. Crossing my fingers...

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  3. Default Re: Residential Loan Timing

    UPDATE: I just checked the status (and called TSP to verify), my residential loan has been approved and will be processed tonight. I closed on my house this PAST May (May 2012). So apparently documentation showing a house you've already closed on (within 2 years) that meets all the other criteria is acceptable for a residential loan.

    I hope this helps anybody who finds this thread searching for info like I was doing this week!

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  5. #15

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    Default Re: Residential Loan Timing

    But how does that help you with the loan? Did you refinance?
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

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  7. Default

    It doesn't really help with the loan, just allowed me to get the loan after I closed on the house. My situation is that I put down practically all my cash at closing (more than I had to) and didn't budget well enough for my first winter as a homeowner (I'm in interior Alaska, monthly heating fuel ranges from $1k to $1,500, ouch!). So it's essentially cushioning me from my own stupidity until spring when I can get ahead). I didn't do a regular loan because I already have a small one of those out and can't quite pay it off at the moment, but that's a whole other "dumb" story...

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  9. Default Re: Residential Loan Timing

    Quote Originally Posted by merenobes View Post
    UPDATE: I just checked the status (and called TSP to verify), my residential loan has been approved and will be processed tonight. I closed on my house this PAST May (May 2012). So apparently documentation showing a house you've already closed on (within 2 years) that meets all the other criteria is acceptable for a residential loan.

    I hope this helps anybody who finds this thread searching for info like I was doing this week!

    I realize this thread is quite old, however you are the only person I've seen on here so far that has done what I am trying to do and I was hoping to ask you a few questions. I closed on my house this past march and am trying to now get a residential loan. I submitted a copy of my binding contract. That is really the only tangible papers I was given at closing for some reason other than insurance documents. Do you think that will suffice considering I already went to closing? Also when you did this was your loan amount limited to only the amount of your downpayment/closing costs out of pocket expenses? For example if my portion of the closing costs were $5k will I be able to borrow $10k (I have enough in my tsp to cover this so that isn't an issue). If you could give some insight that would be great!

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