OP, you may also want to check out veteransunited.com and talk to their loan specialists. They supposedly also have a departement that provides free advice and assistance on repairing credit for active military and vets. Might be worth looking into. I haven't applied for a VA mortgage from themt, but they have been very helpful with answering qualification and eligibility questions. Their min required score was 620.
@Anonymous wrote:
I believe veteransunited and va mortgage center is the same company. They are being very helpful and seem to think I should be ok with getting approved with them. I hope so.....
Ok. Good to know, they have completely separate websites. Good luck.
See that scares me. I don't think my loan funded today (didn't mention anything about it). I was going to app for a better credit card so I can ditch my rebuilders, but now I feel like I should wait.
;Starting Score: Low 500s FICO Aug 2008
@ReBuildingAgn wrote:See that scares me. I don't think my loan funded today (didn't mention anything about it). I was going to app for a better credit card so I can ditch my rebuilders, but now I feel like I should wait.
You should wait at least 30 days after closing... sometimes the lender does a post-closing audit, and they'll pull your report again... If your file doesn't pass the audit, you get to hand your keys back... its important that you don't run up credit card bills or apply for new credit to get furniture etc. during that time frame.
Do without the mattress and curtains if you have to... I hear wal mart has a great deal on inflatable queen size air mattresses 
And Goodwill always has sheets to hang on the window for privacy! I know that's ghetttoooo with a capital G, but its better than handing back your keys!!!
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
@webhopper wrote:
@ReBuildingAgn wrote:See that scares me. I don't think my loan funded today (didn't mention anything about it). I was going to app for a better credit card so I can ditch my rebuilders, but now I feel like I should wait.
You should wait at least 30 days after closing... sometimes the lender does a post-closing audit, and they'll pull your report again... If your file doesn't pass the audit, you get to hand your keys back... its important that you don't run up credit card bills or apply for new credit to get furniture etc. during that time frame.
Do without the mattress and curtains if you have to... I hear wal mart has a great deal on inflatable queen size air mattresses
With all due respect, I do not think you should give people this advice. I have never heard it from anyone else. Once the title is recorded at the county and the loan is funded, then a person is safe. We are all on hold with our credit for months going through this process. So once it's over, sometimes new credit is needed, most often WANTED Desperately.
My loan officer even told me that I could go get credit after the house funded.
Gray and Booner, I heard the same thing. Once closing and funding was established we're in the clear. I spoke to my loan officer and she said my loan was funded the same day (last Friday). I was hoping to get furniture this past weekend, but that 30 day thing gave me pause. I dont Need to finance my furniture since I have plenty of cash, but I rather hold on to my cash as a just in case.
I've never heard of waiting 30 days to apply and obtain new credit. I closed last week and when it funded and we were on record, two days after I went to Home Depot to finance on new appliances. LOL. I even got a $1,000 credit credit at Walmart for curtains and blinds. My LO said to wait till everything funded and we are on record to start applying for new credit. He never mentioned about an audit after closing and funding. After everything funded, we even got our refund from escrow for $2000 which was the earnest money we had put in when we first went into contract. Oh please tell me about the audit after closing being incorrect because I really don't feel like handing back my keys 