Mortgage scores: 636 for Fico 5 (DH is about the same)
FICO 8’s are EQ 650, TU 638, EX 672 (DH is about the same as well because we cosign everything together)
Credit Negatives:
- Capital One Credit Card
- Settled Less than full balance
- 120 Day late 03/2014
- Closed-Charge off
- Navient student loans, 3 accounts
- 90 days late in 07/14 for each account.
- Paid as agreed
- High credit card usage for both DH and INo missed payments; 89% aggregated amongst 3 cards for me and 4 cards for him
- Our oldest accounts are only about 10 years old
Gross Income:
- $91,500 combined
- DH gets anywhere from $3,000-$5,000 in OT each year on top of that
Source of income:
Monthly debt payments:
Mortgage: $920
Car: $383
Student loan: $75
Personal: $157
Personal: $42
Credit Cards: $300
Employment:
- We are both salaried, state government
- 12 years for both of us, state government career fields- as stable as jobs get
Assets/Reserves:
- $2,000 in a savings account that has been there for a few months (it's building $500 each month)
- $500 in checking that we keep in there at any given time
Property:
- Unimproved land, no more than $30,000
Transaction Type:
I will also mention that we will be using our small town private banking institution we do all of our business with. Our mortgage isn't with them, but everything else we've ever done is. So likely, we will be approved on relationship alone. But still, I want opinions!
