Oh Happy Day, My Buyers Got a Check At Closing!

I love smiles and happy occasions.    There is such an excitement with first time homebuyers and this is the joy I share  as a REALTOR-witnessing  my Buyer’s Happy Closing Day!  Its even better when you can get into a home with 100% financing and the icing on the cake is leaving closing with a check.


In today’s tough market and ever changing mortgage industry, we are always glad to see a deal go all the way to through to the finish line!  While other parts of the country have exhausted USDA funds we here in Calcasieu Parish are still enjoying the benefit of Rural Development Financing Calcasieu Parish had USDA funds replenished due to the storms we experienced in this area, so USDA loans are alive and well and one of the most popular loans for buyers who qualify.

Sometimes everything just seems to fall into place when you are working with your Buyers.  This young couple had done their homework and that made finding them a house easy!  They met with  their loan officer, Craig Boudreaux of Louisiana Mortgage Associates before beginning their search so they knew exactly how much they could afford and what type of loan they qualified for.

After a hot weekend of looking at the choices and viewing what was available,  they decided to make an offer on a nice 3 year old home. We wrote our contract June 21 with Act of Sale date to be July 23.  After an accepted counter on 6/22 I prepared them for a full 30 day process and we moved on to the next phase conducting our inspection on 7/2.  Before the 14 day inspection period had lapsed, Craig notified me that the loan had  already cleared underwriting and he had a commitment letter from USDA and we could close! WOW, this is just kind of unheard of with USDA loans, they are all manually underwritten and have to be signed off by the regional USDA office after clearing underwriting.  This was amazing news and I was sure that the selling agent and the seller would be just as thrilled.

Unfortunately the Seller would not agree to closing early and the Seller asked for an extension until July 26th.  That was a bit unusual these days as it is usually the Buyer asking for the extension due to waiting  on the final loan approval!

Seeing the Buyer’s excitement after patiently waiting to finally close was priceless. Because they were able to obtain 100% financing and have all their closing costs paid–they walked away from the closing with $343.18 (which was the difference left from their initial $500.00 deposit)  Now that makes for an awesome closing and an Oh So Happy Day!


If you or someone you know is looking to purchase a home within Calcasieu Parish, give me a call MARILYN BOUDREAUX 337-499-9592 or start your search here! I match people with properties!


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