How far Im I off from getting a USDA Guaranteed loan?
1. Mortgage ScoreMid Score is 6402. Credits NegativesCap 1/Charge Off/120 days late/Charged off 01/15/Balance of $482Cap 1/Charge Off/60 days late/09/14/Paid as AgreedChapter 7 Bankruptcy Discharged...
View ArticleDo i qualify
1. Mortgage Credit Scores: EQ-625-TRANSUNION-635-EXPERIAN 665.should be going up since my uti was at 80 percent paid down to 3% 2. Credit Negatives: If you have any, what negatives are on your credit...
View ArticleIs a mortgage possible with a bad FICO?
is a low down payment mortgage possible with a FIFO under 580? I don't care about higher rate or pmi, I just want out of renting and can refi when credit gets better. Bad credit is all old.
View ArticleIs it time to Refi/Buy??
My 2 year old payment finally aged to 2 years, and while i don't think it was much of a bump to fico8(around 5-12 points) my other version scores jumped big time. ex: fico5 jumped from 649 to 577. I...
View ArticleDoes this still hold true as of today with FHA loans?
FHA just requires a 500 credit score, but anything less than a 580 credit score requires a 10% down payment. Further, any score less than 620 and debt-to-income ratio that exceeds 43% must be manually...
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Preparing for mortgage app - need advice
Okay all - so, I will make this brief, but need advice. Coming on my two year mark from my Ch. 7 BK discharge, our eligibility for a mortgage will be here in two days (YESSSSS!!! )) ). Looking over...
View ArticleWas denied FHA. Hard to believe ?
Hi All, I talked to a loan officer today about possibly securing an FHA loan in the future. My husband has 0 credit card debt, good DTI ratio. His private student loan with US bank is in collections...
View ArticleMarch 2016 Closers
Purchase Price: $105,000Location: MissouriProperty Type: Single FamilySigned Contract : February 8 2016Type of Loan: FHA 3.5% downLoan Amount: $103,098 (seller paying closing costs $4,000)Loan Rate:...
View ArticleWhat mortgage based on income?
I'm sorry if this is redundant. I'm trying to figure out how much house people go with based on their salary. For example I make 150k but have a child support payment so I went with a 400k house to...
View ArticleDo I qualify (Thingy)
1. Mortgage Credit Scores: 3b: (As of 11/15 scores are due to update 2/18. Had 4 out of 6 Collections removed and paid down $1500 Credit Card balance to 0 since November.)541, 577,5502. Credit...
View Article60 day late
11 Months ago i had a 30 day and 60 day late through DCU. Will this affect my chances in getting a home loan? The card is completely paid off an my uti is at like 5% with all my other cards. and the...
View ArticleSummer purchase feasable?
Attempted to post last night, but it seems to have been lost in the cloud. . . I'm 34 with a 14yo son living with my parents. . . it's time to get out!We moved back in a few years ago as I buckled down...
View ArticleBorrower vs Lender Paid PMI & Interest rate
For a 5% down conventional 30 yr loan for a $395k house (1st time buyer) with a credit score between 700-720, I've been offered two scenarios by a broker: #1: 3.875% rate and borrower paid pmi (w/pmi...
View ArticleCredit refresh for lower rate?
Plan on applying with spouse for a mortgage on a new construction home. She has great credit (760+) and I have l less than perfect (around 640). If we were to get preapproved now, even if it's at a...
View ArticleCrippling Student Loan News
Hoping someone could give me accurate info. I plan on going through preapproval March/April. I am currently paying income based payment of $165 on 80k of loans. I entered into a post grad program in...
View ArticleW2 and K1 for Home Mortgage
Hello, My wife and I are looking to purchase a home for around $300k within the next year. I have no credit card debt only my student loans which is about $60,000. I have a $35,000 W2 and a $30,000 K1....
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Just Pre-Approved!!!!!!
Yay!!!!!! I just got pre-approved for 250K VA Loan with Veterans United!!!!!! Now what? It just got real! I'm officially adulting!
View ArticleVa Home Loan
My husband and I are trying to get Loan to buy a house. We were told that we need a 620 in order to qualify. Now what exactly does that mean? One of us ?Both of us? What scoare do they use? All 3? We...
View ArticleHUGE Mortgage Score Jump - Deleted Collections
When I originally got my pre-approval from my lender on a 30yr FHA my middle mortgage score was 618. My rate was 3.75%. I had two collections. One with T-Mobile for $636 and the other for $126 with...
View ArticleQuestion about DTI
I am in the very early stages of learning about applying for mortgages in hopes that I may be able to buy a home in the next couple of years. This morning I was trying to figure out my DTI. I have read...
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