Wednesday, May 18, 2011

Keeping you in the loop...

Following up from a few posts back...Link
We have been pre-approved for a home loan and are set to start building a house in mid-June!

This is of course pending final approval, which we just have to wait for at this point. The organization that we're working through said everything looks good, and there is no reason why we shouldn't be approved--but we still just have to wait for it. It can take 2-6 weeks from this point. Obviously we're praying it's closer to 2, or at least less than 4, considering we need to close on the loan before we can build.

To answer a few questions, without giving away our specific location on the map (for security reasons)--you may have heard of these Self-Help-building programs. We work together with several other families to build all the houses simultaneously. We will have to put in a minimum of 35 hours a week, including evenings and all day Saturdays. (If you're doing the math, you will realize that this means we probably won't be doing many family vacations this Summer. bummer.) It will take approximately 8-12 months to build the houses, and once they're all completed we can move in. Right now, I'm thinking it would be lots of fun to take a picture every day and then compile it at the end in a movie format. Cool, no? Matthew, my brother, did mention long-term satisfaction with the houses, and that has been weighing on my mind. I found several people who have done the program here and they have all been very satisfied. In fact, our location is one of the best programs in the country, so obviously we're thrilled with that. The truth is, this will be one of the only ways we can get a house with all the things we need, and even the things we want, within our budget. So, we're happy. Very happy.

Now, we are continuing to pray hard that the final approval will come, and come soon. We are nervous and yet very excited. I'll let you know more when we know more!


kimber said...

hey, I have heard of these. What is the company called, I'd like to do some research on it myself!

Laurie/Mom/Grandma said...