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Monday, February 11, 2013

Cross Your Fingers - Next Stop Underwriting

Cross Your Fingers....orrr... Hold your Breath... Either Way

Spoke with one of the loan processors today and they are wanting to forward our file to underwriting early this week.  They expect something back within 5 to 7 days.  This is the nerve racking part. 

We are crossing our fingers... not like it's a big deal or anything.  Just our dream home and where we plan on raising our kids; creating memories that they will have for the rest of their lives.  No big deal...and why can't I talk to this guy behind the curtain?  Who is this underwriter guy?

I'm sure many of you have gone through this and have the jagged fingernails to prove it.  I'll see you on the other side.  Hopefully we will have a production date soon as well.

For those keeping track:  We purchased on January 20th, applied for the loan the next day with NVR and signed the Production Release a few weeks later.  We won't get a Production Date until NVR gives Ryan a Green Light.  Then they can pull permits and get their factory to start pulling all the materials and building the walls. 

If you didn't know, Ryan has a plant (would love to see this in person) that builds the walls in a controlled environment with fixtures to ensure they are perfect (or as close as you are going to get using imperfect construction methods).  Then they ship them to the site.  It seems to take about 3 to 4 days to frame the house once they begin.  I used to build homes in Vegas as a teenager and let me tell you, that's fast.  I'm looking forward to it.

UPDATE:  I guess the folks at NVR weren't all on the same page.  They are looking at sending it to underwriting next week. 

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