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Established Contributor
Posts: 945
Registered: ‎02-07-2011
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Re: Getting to 620...

[ Edited ]

FrugalRican - Yes, there is a per-transfer fee on the ODP. I think it's about $10 per transfer so we don't think much of it when it happens.

 

Catacam - Glad to hear that the conditions don't sounds crazy. Even though it doesn't seem like we should have any problem satisfying them, I'm still nervous about it! I just want to get them taken care of ASAP and have the UW say that we're good to go!

Mid-2010 Starting Scores: FAKO EQ 476 FAKO EX 506 FICO TU98 575
Jan 2012 Current Scores: FICO EQ 604 FICO EX ??? TU98 623
Feb 2012 Goal Scores: EQ 620 EX 620 TR 620 (or just the middle to be 620!!)
Contributor
Posts: 102
Registered: ‎01-10-2012
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Re: Getting to 620...

Did you lock in a rate?  If you don't mind sharing, what rate did you get?  I may be looking into this mortgage company now thanks to you.

Established Contributor
Posts: 945
Registered: ‎02-07-2011
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Re: Getting to 620...

cracksmeup - We just received the approval last night, so no rate yet. I will let you know as soon as I know the rate. And PM me if you are interested in my LO's name and contact info. He has been really great.

Mid-2010 Starting Scores: FAKO EQ 476 FAKO EX 506 FICO TU98 575
Jan 2012 Current Scores: FICO EQ 604 FICO EX ??? TU98 623
Feb 2012 Goal Scores: EQ 620 EX 620 TR 620 (or just the middle to be 620!!)
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Registered: ‎02-02-2012
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Re: Getting to 620...


MBOhio2 wrote:

FrugalRican - Yes, there is a per-transfer fee on the ODP. I think it's about $10 per transfer so we don't think much of it when it happens.

 


 

Okay, my worry was that I hope you guys don't do ODP's all the time. That $10 adds up lol

That could be $10 you could use to rebuild that savings soon! :smileyhappy:

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

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Frequent Contributor
Posts: 491
Registered: ‎02-06-2012
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Re: Getting to 620...

I feel like I am stalking you!! hehe!!! Any new news?

CLOSED ON OUR FIRST HOME MAY 30TH!!!


Starting Score: TU 589 EQ 526 EX603
Current Score: TU 635 EQ 603 EX ??
Goal Score: 750


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Established Contributor
Posts: 945
Registered: ‎02-07-2011
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Re: Getting to 620...

Stalk away... it's nice to know that someone is actually reading my posts, though posting them is sort of therapeutic, so I would probably do it anyway even if no one was reading them :smileyhappy:

 

No news yet... I've sent over ALL of the documentation required to satisfy the conditions (21 of them!) except for one LOE, which I will send tomorrow. My LO said that the processor is currently going through everything that we've already sent (which is a LOT) and will let us know when she is done and if she needs anything else.

 

If this all works out, our closing would be about March 20th, so we had to give our 30-day notice on our current rental house today. This totally freaked me out because if things fall through, we'll be homeless, but I am trying to be positive and not even think about that!

 

Now that we're through the painful UW waiting period, on to the painful process of waiting to see if all of the conditions are satisfied...

Mid-2010 Starting Scores: FAKO EQ 476 FAKO EX 506 FICO TU98 575
Jan 2012 Current Scores: FICO EQ 604 FICO EX ??? TU98 623
Feb 2012 Goal Scores: EQ 620 EX 620 TR 620 (or just the middle to be 620!!)
Frequent Contributor
Posts: 491
Registered: ‎02-06-2012
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Re: Getting to 620...

I get you on the faith thing for sure!! We are currently living at the inlaws!!! But like you, I am confident that everything will be awesome!!!

 

Did they give you any sort of timeline for approval??

CLOSED ON OUR FIRST HOME MAY 30TH!!!


Starting Score: TU 589 EQ 526 EX603
Current Score: TU 635 EQ 603 EX ??
Goal Score: 750


Take the FICO Fitness Challenge

Frequent Contributor
Posts: 305
Registered: ‎07-05-2011
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Re: Getting to 620...

The closest score to my Transunion Fico Score is Credit Karma which( is free) 690 and what the lender pulled was 695.  I pulling for you and your house journey.

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,
Contributor
Posts: 141
Registered: ‎02-11-2012
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Re: Getting to 620...

Pulling for you over here too, hope you get the approval!!
Frequent Contributor
Posts: 397
Registered: ‎03-01-2012
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Re: Getting to 620...

I hope the 'creditkarma' score isn't close to a FICO -  that site seems somewhat worthless to me.  They're both said to pull from TransUnion.  I had previously pulled one direct from transunion while obtaining my free annual and it scored at 702 and the same day CreditKarma had me at 577 (both fako scores, I know) but that's a huge difference from a service said to be tied into the same bureau......I'm trying to dispute as much crap from my reports as possible within the 3 bureaus before I pull my FICO from here.....Late March is the time frame I'm giving it.

Filed BK7: 7/12 (discharge 10/12) 5/12- EQ FICO - 508 / TU FICO - 490
EQ FICO: 677 (02/15)
TU FICO: 651 (02/15)
EX FICO: 671 (02/15)
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