MamaMac

I received our new card and it still stated our credit limit as the same and did not even mention an exposure limit in the letter that came with it. Other than the new perk of having Concierge Service, that we will probably never use and the question of how it is going to report, I don't see anything different about the card. It looks nicer than the old one though. Maybe someone would care to enlighten me as to why I should be flattered and excited I was upgraded. lol

I logged into our Navy account this morning and noticed that the name has changed on our Flagship account. Our credit/exposure limit is the same, but there is now a link to the concierge services. In 2 years we have only run a little less than $40,000 thru the card, so not sure it is a money thing, and I haven't checked our FICO's in a while so not sure about the score being a factor. I would guess we are somewhere in the middle to high 600 range. Our new mortgage may have dropped us a bit, not sure. I did notice that the max amount of points per year has gone up to 120,000 though.

I did not waive our right to receive and reveiw the appraisal with in the 3 days and it did not affect our closing date at all. Basically if you waive your right to view the appraisal the lender does not have let you see the report until date of closing if they choose. If you preserve your right then they have to provide you a copy of the appraisal report within 3 days of them receiving it. It's just something that got thrown in with the new laws. They will still communicate with you what the appraisal came in at and what issues would need to be addressed before closing if it is FHA. You just won't receive a copy of the report if you waive your right.

Hege, it says my spouse is 107,565 also. So either we have a tie or we are married to the same person. lol

There are no specific rules for Iowa. The first home we went under contract with we did a generic real estate contract I found on-line. We had pre-approval for FHA loan already so I made sure to download and complete the necessary FHA forms that went in with the contract. Our CU had no issues with the paperwork being done without an RE Agent and it went through underwriting just fine. The sellers just couldn't find another property to purchase in time. Just make sure to be very specific with contingencies ect. Contracts can be amended if needed. The only thing you will want to check out, since I don't know what county you are in, is if there is a septic system it will have to be brought to code before the deed ect can be filed. A copy of the code inspection has to accompany the closing paperwork, at least for the two counties we were working with. If that is the case you will have to negotiate who is going to pay for that, usually it should fall to the seller to bring it to code. If you are purchasing a property with no septic, and city sewer services you are fine. Also remember that even though you and the seller may agree on the condition of the home, FHA may still come in and want certain repairs made. They are big (at least here) on peeling paint ANYWHERE. So you may have to in future negotiate who will pay for FHA repairs if any. Also, in our area of Iowa the FHA appraisals have been coming in way low. That's not to say that they will in your area, but be prepared to renegotiate the purchase price if necessary. Good Luck!

Thank you everyone!!! It still doesn't seem real to me yet, but I am sure it will sink in soon. To everyone else in the process, good luck and I will keep everything crossed for you. Brian: I don't post too much and you did reply to my threads, but you have helped me more than you know. I read just about everything on these boards and your advice, wisdom and kindness are very much appreciated and very helpful. If I had not found CB I would not be able to say: I am a HOMEOWNER!

Yea, I am so happy that is finally over. Seems like it was the longest two months of my life. lol

Thanks for confirming I am not blind. lol

I have looked all over and can't find an option for receiving online statements only. Don't they have an option to opt out of paper statements? If they do have the option can someone tell me how to find it, please? I must be blind as a bat and not as smart as the owl. Thanks.

I believe you need to mail the amended return, the 5405 and your HUD-1 statement for starters. I know at least on other person on this board was asked for more documentation after sending the HUD-1 in. I do know you can't submit electronically, it must be mailed.

I saw on NBR last night that the Fed closed their MBS program yesterday with no plans for an extension.

To my knowledge you cannot dispute your score, only the accounts being reported.

If the address does become an issue again, is it possible to go to the DMV and get him an ID only with the address that is needed? If he is unable to drive then they should accept a State Issued ID in it's place. Good Luck!

Thank goodness I locked our rate last week.

To join NFCU you need to be either military, DOD contractor or work for a company on their member list. Also if a family member is a member of NFCU one can join under them. These terms would be for a conventional loan I believe, not Va or FHA. The rate is higher because you are not putting anymoney down or paying any PMI etc. I would assume that to qualify for this program one would need a higher credit score 700 or above, but I could be wrong.