No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I feel very bad for you. Was that student loan dispute not on your credit report?
Anyway, removing disputes often result in lowered scores. That said, there are lenders that will approve FHA loans with scores lower than 620. Hope this works out for you.
@Anonymous wrote:
The only reason I disputed the student loan back in December was because I am in good standing with them and have been for a while, on a credit monitoring site I disputed it online, and with one click of a button, it has caused me so much trouble that I may lose the house.
I am sorry that you are going through hell. Like mentioned before, disputes are noted on your CR and then that T/L is not used in scoring until it gets resolved either way. Once the dispute is removed (without imporvement) the scores drop to where they would have been normally. So your scores did not drop, you artificially raised them with the dispute.
My issue is that the U/W did not see the dispute before. I would bet anything that the first pull showed the dispute and the U/W missed or over looked it. They are human too. I am not sure there is anything that can be done for you. Maybe you can take away something positive from all of this. You should understand everything you can about CRAs and the scoring. Next time you will not get tripped up.
Good luck and God Bless. Keep us up to date on your progress.
...patience! ...all may not be lost as yet ...under KHC and FHA guidelines, a manual underwriter has the ability to approve you using the totality of your file despite the score not quite being there ...doesn't mean they will, but until they definitely say no, its more than a possibility ...hth
Question, why was the student loan disputed and did it resolve in your favor?
...afaik all mortgage lenders use a living breathing human underwriter on every loan they approve ...the automated processes are a preliminary review to determine basic internal and govt loan eligibility ...it only determines what the underwriter is required to do in addition to the basics