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1st time buyer, change of getting a loan?

New Member

1st time buyer, change of getting a loan?

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Message 1 of 7
6 REPLIES
New Contributor

Re: 1st time buyer, change of getting a loan?

I'd love to know how this works out, and what the experts have to say.  I too have a problem providing POI (about 55K), which is also in the form of scholarships, grants, VA disability, etc.  

Starting Score: EQ ??? | TU 578 | EX 614 -- As of 05/2017
Current Score: EQ 681 | TU 661 | EX 718 -- As of 07/2017
Goal: EQ 700 | TU 700 | EX 700
Message 2 of 7
New Contributor

Re: 1st time buyer, change of getting a loan?

After I crossed a 700 credit score I have never been asked to provide proof of income
Message 3 of 7
New Member

Re: 1st time buyer, change of getting a loan?

Thank you for the information!

Message 4 of 7
Highlighted
New Member

Re: 1st time buyer, change of getting a loan?

 

 

Conclusion: You can get the loan if you have shown your ability to pay and have good credit score. PenFed is a good place to start. 

 

 

Message 5 of 7
Valued Contributor

Re: 1st time buyer, change of getting a loan?

PenFed will ask for POI for some products and some members. 

Message 6 of 7
New Member

Re: 1st time buyer, change of getting a loan?

Totally agree. I believe it is a YMMV experience.

Guess my credit score helped it out and I have 0 debt.

 

Just called this morning and the check will arrive tomorrow.

 

Thank you all for the advise.

Message 7 of 7