Well, since we accepted the counter offer, we took the check by yesterday (earnest money/good faith deposit that goes toward our money down). Today we are getting the last 3 documents to the lender rep, Rebecca. She is incredible!
We were told that we "should be" getting a call today or tomorrow to set up our appointments to chose our color schemes and with Guardian about our electrical. Now, I understand that their "should be's" just mean "hopefully". So I'm guessing by the end of the week we'll get the call. I can't believe that this part is here so fast!
As previously mentioned in another post, we have been pre-qualified for an FHA loan. Now we have to be pre-approved. With the final paperwork being faxed over today, I am hoping it won't take more than a week. But what do I know? I do know that they are eager to start building this neighborhood! And we are one of the first to come in since the re-opening.
(A little over two years ago the developer went bankrupt and the neighborhood was abandon with approx. 11 houses sold and 1 that sat empty for 2 years. Now a major bank owns the note and has picked up construction again.)
Our Ryan Rep, C. , told us as soon as Rebecca pre-approves us, the construction will start. Now we have been in contact with Rebecca since day 1 of the is whole process. We wanted to have our ducks in a row, so to speak, before we even pursued this route earnestly. She was very helpful!! She even suggested that we get some papers into her before we could submit our offer to begin with. So we did. So I'm guessing that they looked at all of it before countering and deciding to do this. I don't foresee any problems being pre-approved. We have been encouraged by the Rebecca this entire time.
I can't believe they want us to pick out stuff already!! How crazy is that? I'm guessing all we need to do right now is pick our outside color scheme and meet with guardian about the wiring. I'm guessing floors, lights, ect. will all be picked out later. Then again, I don't really know. lol
So, we move seem to be moving forward step by step. First the papers, then the meetings, then ...HOPEFULLY...ground breaking!