Hoping to be a homeowner soon..

Rein · ‎12-12-2012

Hello everyone.. new to this forum. my middle fico score is at 645 and interested in obtaining a home loan soon. Have a question... I have a car loan from 2009 but beginning of 2011 I have 5 30days late. It will be paid off end of 2013. Will this be a problem in getting an pre approval? is there a length of time where this will have no affect on the process? i tried to GW the company but they rejected the idea. I am so scare with the lates that I will never be able to get into a home. Thank you for your time...

ashdown1967 · ‎12-12-2012

Your lates have to be past the one year mark to qualify.

Rein · ‎12-12-2012

My last late was sept 2011.. making me nervous (happy) ... So wondering... if I can start the pre approval process and shouldn't have any problem??? Very nervous.

Shogun · ‎12-12-2012

If all payments are current for the past year. Thenyou should be golden.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

Rein · ‎12-12-2012