http://ficoforums.myfico.com/t5/Mortgage-Loans/So-Confused-Please-Help/m-p/1527158#M101210 <p>Hi Everyone,</p><p> </p><p>I have posted before but not frequently and I could use some advice.  I am so confused.  :)</p><p> </p><p>I am trying to get approved for a mortgage, my landlord is wanting to sell my current rental and I don't want to move too much since I have two young ones.  Any way I had to short sell my previous home because of my divorce, the short sale will be 2 years old this November.  My middle credit score as of today is 710 besides a 60 day late prior to the short sale my credit is perfect.  I have been calling around to see who if anyone will give me a mortgage and every broker and bank I have spoken to have told me I need to wait 3 years from the short sale except for one.  I have had contact for the last couple of months with a LO at a mortgage company that is through a local CU, he knows of my short sale.  He recommended that I go through their preapproval online today and see what happens so I did and I was preapproved for the loan amount I was asking with 10% downpayment, 30 years at 3.75%.  Is this too good to be true?  I asked the LO what this really means and he said I can start looking for a house.  I am excited but cautious.  I don't want to get into a contract on a home and then during the UW be denied.  Thoughts?  Again he's aware of my short sale and this is a reputal company locally based.</p><p> </p><p>Thanks!</p> Mon, 06 Aug 2012 21:33:34 GMT maryellis1981 2012-08-06T21:33:34Z http://ficoforums.myfico.com/t5/Mortgage-Loans/So-Confused-Please-Help/m-p/1527158#M101210 <p>Hi Everyone,</p><p> </p><p>I have posted before but not frequently and I could use some advice.  I am so confused.  :)</p><p> </p><p>I am trying to get approved for a mortgage, my landlord is wanting to sell my current rental and I don't want to move too much since I have two young ones.  Any way I had to short sell my previous home because of my divorce, the short sale will be 2 years old this November.  My middle credit score as of today is 710 besides a 60 day late prior to the short sale my credit is perfect.  I have been calling around to see who if anyone will give me a mortgage and every broker and bank I have spoken to have told me I need to wait 3 years from the short sale except for one.  I have had contact for the last couple of months with a LO at a mortgage company that is through a local CU, he knows of my short sale.  He recommended that I go through their preapproval online today and see what happens so I did and I was preapproved for the loan amount I was asking with 10% downpayment, 30 years at 3.75%.  Is this too good to be true?  I asked the LO what this really means and he said I can start looking for a house.  I am excited but cautious.  I don't want to get into a contract on a home and then during the UW be denied.  Thoughts?  Again he's aware of my short sale and this is a reputal company locally based.</p><p> </p><p>Thanks!</p> Mon, 06 Aug 2012 21:33:34 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/So-Confused-Please-Help/m-p/1527158#M101210 maryellis1981 2012-08-06T21:33:34Z