Homebuyers choice nfcu guidelines

[Anonymous]

For you that have recently used this program, what were the credit score requirements, dti, and closing time. I want to know what to expect from them, submitted a loan application today. Thanks.

[Anonymous]

I would like to follow this. I almost gave NFCU a 2nd chance (tried 2 years ago) but my employment situation is kinda complex. I know it can be difficult to get ahold of "your" loan officer. It always seems they assign you one that never works or is always unavailable. Good luck. If the current bank im working with does not pan out I will try them again.

[lindel]

i would like this to know scores and dti as well. Thanks in advance

[Anonymous]

I was just pre-approved on Thursday My Profile Qualified me for the "GOOD" Credit Range with NFCU

Mortgage Applied For 

30 Year Fixed Homebuyer's Choice 100% Financing No PMI

5/5 ARM Homebuyer's Choice 100% Financing No PMI

Mortgage Scores

EQ: 694

TU: 700

EX: 695

Negative Items

Paid Judgement from Nov. 2009

Paid Chargeoff from Dec. 2009

AAoA

Just over 2 yrs.

Current Profile

20 accounts currently being paid as aggreed

NFCU Car Loan---$18,000 owed $25,000 original balance $485 PMT

Student Loan-------Opened since 2006 Never Late $116 PMT

15 Open Credit Card accounts with about $80,000 available credit w/ <1% utilization

$72,000 W-2 Salary before Bonuses

Current Employer 1 Yr. 2 Mo. (Was with them before from 2011 - 2013)

Previous Employer 1 Yr. 3 Mo. before going back to Current Employer

Been in the Industry for 10+ Yrs.

Looking to be Pre-Approved for a $250,000 Mortgage with a current DTI of about 8%-9%

Why is waiting the hardest part??? Hopefully my 695 Mortgage Mid-Score will qualify me for NFCU's "GOOD" Credit Range!!!

[Anonymous]

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@Anonymous wrote:

I was just pre-approved on Thursday My Profile Qualified me for the "GOOD" Credit Range with NFCU

Mortgage Applied For 

30 Year Fixed Homebuyer's Choice 100% Financing No PMI

5/5 ARM Homebuyer's Choice 100% Financing No PMI

Mortgage Scores

EQ: 694

TU: 700

EX: 695

Negative Items

Paid Judgement from Nov. 2009

Paid Chargeoff from Dec. 2009

AAoA

Just over 2 yrs.

Current Profile

20 accounts currently being paid as aggreed

NFCU Car Loan---$18,000 owed $25,000 original balance $485 PMT

Student Loan-------Opened since 2006 Never Late $116 PMT

15 Open Credit Card accounts with about $80,000 available credit w/ <1% utilization

$72,000 W-2 Salary before Bonuses

Current Employer 1 Yr. 2 Mo. (Was with them before from 2011 - 2013)

Previous Employer 1 Yr. 3 Mo. before going back to Current Employer

Been in the Industry for 10+ Yrs.

Looking to be Pre-Approved for a $250,000 Mortgage with a current DTI of about 8%-9%

Why is waiting the hardest part??? Hopefully my 695 Mortgage Mid-Score will qualify me for NFCU's "GOOD" Credit Range!!!

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Hope it works out for the both of you, keep us updated if everything goes through, it is helpful for others to see the process. thanks.