Lenders that accept 55% DTI
Husband has a 55% DTI ratio. He has 1 debt an auto loan balance 48K with 744 payment. Literally bought it weeks ago. The day before we found out we'd have to look at buying.
View Articlepre approval help
So my wife and I went to our local bank and were preapproved for a mortgage. After pulling our credit it showed that my 11% utilization on my cards was excellent; but if I were to take out a loan and...
View ArticleHELOC question
We are looking into a HELOC at our credit union. The branch manager told me they only pull TU for HELOCS. I was kind of surprised. I thought all banks pulled a tri merge for mortgage loans. I know they...
View ArticleCredit Score dropped with no additional changes to report
Hi, I applied for pre approval in December, at that time my score was 750, today I checked and it dropped by 15 points to 735. I have paid all my credit card balances. The debt on revolving account is...
View ArticleHelp! Purchasing Home from Parent: Gift of Equity Contract
Hi Everyone, Need your help please: Backstory: My parent has a multi-family investment property that has an existing mortgage reaching maturity. My parent can't refi with cash out because credit scores...
View ArticleHow much can I realistically afford?
Hi guys, I am thinking of buying a home in the next 1-2 years and am looking for advice on what you think I can realistically afford. A little about me: 24 years old$60K income (Financial Analyst) -...
View ArticleClosing Day!!
Good morning everyone, this is it! had to come on and thank everyone for their help and understanding throughout this process last night at 6pm we ot our clear to close however up unit then it was a...
View ArticleWells Fargo Deed in Lieu
Not sure if this question is on the right thread or not..... My husband has a deed-in-lieu from WF from May 2013. He recently applied for a USDA mortgage through a local lender and was told that WF...
View ArticleRapid Rescore Results
So, my lender pulled my credit scores and according to CK my scores were 641 so I thought well it might be close but I should not have a problem with my scores. Unfortunately, according to the...
View ArticleLooking for insite on qualification
Hello, long time reader, first time poster. My wife and i are preparing to get back on the metaphorical horse. We declared bankruptcy and will be post discharge on march 24th. We have worked hard to...
View ArticleClosed!
After being a part of both this board and the rebuilding board for the past 2 years this morning I finally closed on my home! For those who are going through the mortgage process as a self employed...
View ArticleSad!?!
Greetings: In all actuality, this is less a question about money matters and more on the subject of buying a home. How is the housing market where you live? Here, in north Georgia, it is CRAZY! Yes,...
View ArticleUnderwriting
Per an automated E mail, I have been in underwriting this week. Probably more like processing, but when should I expect at least the first conditions?
View ArticleConfused!!! Need help!
Ok, first time buyer so I don't really much about purchasing a home process just know what the LO has told me...FHA loan with down payment program-Question? Why would a LO prefer for us to not use down...
View ArticleSelf Employed How do Show Income
We are in the early stage of applying and since our 2016 taxes aren't filed yet I'm trying to figure out the best strategy. Our business is set up as an LLC that is taxed as a corporation, so no K1....
View ArticleBest option to qualify?
DH has a three year old debt with Navy Federal which is the only negative account on his report. We want to qualify for a home asap. Score is low because of debt and a dismissed BK from last year. We...
View ArticleInvestment properties and credit inquiries
I am applying for two mortgages on two investment properties. One is a cash out of which I own the property 100% and the other one is for two commercial buildings with significant rental income. My...
View Articleselling our house/buying a house questions
Hi, thanks in advance for reading thiis;and for any advice . My husband and I are selling our current home and buying another one in another city. we are paying cash for the new home. Our question...
View ArticleSeeking USDA-experienced home builders in East Texas
Hi all, Not sure this is the correct place for this post so if necessary I will move it if someone tells me where. I am looking for a home builder in east Texas (Wood County specifically) to build a...
View ArticleOpening a new CC before applying for a mortgage
I'm about 15 months away from applying for a mortgage. I recently refinanced my car (lower intIerest rate and shorter term) and consolidated my student loans (switched from variable interest rate to...
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