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2 years of fighting and I'm finally approved!

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Anonymous
Not applicable

2 years of fighting and I'm finally approved!

So long story short, Ch7 BK discharged in April 2008, credit scores started out in the mid 400's.

 

Fast forward to today and I'm sitting at:

EQ: 652

EX: 676

TU: 682

 

All this with just 2 CC's from First Premier ($975 total CL). Although I hate the random fees here and there and the monthly charges, if it hadn't been for these POS cards I wouldn't be where I am now.

 

Thurs: Pre-qual done, could have gone to $150k but capped it at $100k to fit into my budget.

Fri: Met with realtor and signed realtor's agreement

Sat: Looked at 9 homes made offer on "the one"

Sun: Offer countered by seller, recountered by me

Mon: Seller agreed to counter offer and we're under contract!!

 

So as it stands now, I've already got all my loan docs to the LO, appraisal and inspection scheduled and we're set for an April 20th close to allow the underwriter enough time for paperwork since my 2 yrs seasoning is up April 1st. I'm going FHA with 3.5% down, seller pays 4.5% in costs and received a 5% interest rate with only $300 in fees and closing costs with an 1/8% credit (I'm a bank employee).

 

Can't say thanks enough to all the help and advise received from everyone here!! If I can do it so can you!

Message 1 of 4
3 REPLIES 3
Anonymous
Not applicable

Re: 2 years of fighting and I'm finally approved!

CONGRATS! That's always good to hear. In just a couple of months, I'm hoping that I can say the same.  

Message 2 of 4
tbone74
Regular Contributor

Re: 2 years of fighting and I'm finally approved!

I'm with you guys....it's been a hard fought battle, but I'm ALMOST there!  Congratulations to you!!!!!! Smiley Happy 


Starting Score: TU04: 603 EQ: 613
Current Score: TU04: 667/EQ: 670/ EXP(LO Pull): 676
Goal Score: 710


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Message 3 of 4
ArmyStrong
Frequent Contributor

Re: 2 years of fighting and I'm finally approved!

Ditto and CONGRATS!!
TU: 556 12/12/08 ~ EQ: 509 12/12/08 ~ EX: 509 12/12/08
TU: 588 8/7/09 ~ EQ: 529 7/30/09 ~ EX - ?? (509 12/12/08)
TU: 619 9/01/09 ~ EQ: 608 9/01/09 ~ EX - ?? (640 FAKO 9/01/09)
TU: 626 9/30/09 ~ EQ: 624 9/30/09 ~ EX - ?? (640 FAKO 9/01/09)
TU: 659 10/7/09 LO PULL EQ: 624 10/7/09 LO PULL EX: 659 10/7/09 LO PULL
Message 4 of 4
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