Home Sweet Home?

Over the past week or so our family has been busily preparing for a big change! We placed an offer on a gorgeous house in New Carlisle. That offer was accepted! However, we are hoping for an FHA loan (lower down payment, lower interest rate - not that you can get much lower than 4%) which will require that it passes and FHA appraisers inspection. Apparently this house previously had an offer with FHA financing but due to the crawl space, or lack there of, the financing was denied.

We had our home inspection and got to looking at the crawl space and it is pretty much non-existent. There used to be a crawl space but when they redid the plumbing in the house they took it from the well into the utility room and then through the walls rather than through the crawl space as it had been done previously. So there is no need to have that access and they closed it off. Mostly. There is one vent that can be opened and a maximum of 3 inches of darkness can be seen between two 2x4's. I'm hoping the FHA appraiser that we had inspect the house today is much less stringent and will realize that the crawl space is closed.

Unfortunately, the turn around time on the appraisal is up to one week. I can hardly wait. I'm so nervous because if it doesn't go through then we have to try for a conventional loan, which we will get but it changes the contract and can prolong the process. Right now, closing is set for Sept 30. Eric thinks we may be able to move that up even but I'm nervous to do that since that will be Ryan's birthday party time. But again, it all is hanging on this FHA appraisal that happened sometime today. Maybe I'll get lucky and everything will be fine and I'll know that it is fine by this time tomorrow. :o)

Well I suppose that is enough of my rambling on about the house for now. Once everything goes through (fingers crossed) I'll have so much more to talk about. haha! I have loved my little house but we outgrew it sometime ago. I need a new place to call my home sweet home.