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House Journey

Established Contributor

House Journey

I wanted to share a thread on my journey towards a new house. To get some encouragement through this stressful process and hopefully be able to let others know that there is always hope!

 

I filed for BK in 2008 for mostly stupid and irresponsible reasons and have slowly been building up my credit. Thanks to these boards. I got preapproved on Tuesday (mid score 720) and will likely be going the conventional route with 5% down. Found my DREAM house. It is a beautiful old Victorian that i put an offer on and I am eagerly waiting to hear back on my offer.

 

So excited and thankful.


BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($29,500) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($28,000)

Experian 746 Transunion 806-- July 2017
Message 1 of 13
12 REPLIES
Contributor

Re: House Journey

Sounds great!!

 

I look forward to hearing all about your process!!

 

You and I are almost at the same point. I am hoping for a very smooth journey... we'll see.

 

I hope we'll be congratulating each other within the next 30+ days!! Hang in... you're not alone!!

Message 2 of 13
Highlighted
Frequent Contributor

Re: House Journey

Aussiesareforever,

I surely will be following your journey as I hope to be in similar position by then end of this year. I sure hope your offer gets accepted.


Starting Score: 500s
Current Score: EQ: 708myFICO(7/15/17), TU: 721myFICO(7/15/17), EX: 701myFICO(7/15/17)
Goal Score: 750

Wallet: Discover IT $50300, Capital One Platinum $17000, Barclays Rewards $6700, Walmart $6000, Amazon Store Card $6000 Chase Sapphire Preferred $5000, Chase Sapphire Reserve $10000, Bank of America Cash Rewards $500. BestBuy $10000
Message 3 of 13
Regular Contributor

Re: House Journey

Thinking good thoughts that your offer will be accepted!

I used to post my scores here. However, I'm prone to motion sickness and the ups and downs were nauseating.
Message 4 of 13
Established Contributor

Re: House Journey

Thank you guys. My original offer was not accepted but we reached an agreement today! Yes. We are under contract. Thank God.

Home inspection and termite inspection scheduled. Current rate is 3.5% at my bank so hopefully I can lock it in once the inspection is finished. Thank you all so much for your support!

BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($29,500) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($28,000)

Experian 746 Transunion 806-- July 2017
Message 5 of 13
Established Contributor

Re: House Journey

Locked my rate in today at 3.5%. Going to sign loan documents tomorrow. It is getting real now Smiley Happy


BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($29,500) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($28,000)

Experian 746 Transunion 806-- July 2017
Message 6 of 13
Frequent Contributor

Re: House Journey

This is absolutely great news


Starting Score: 500s
Current Score: EQ: 708myFICO(7/15/17), TU: 721myFICO(7/15/17), EX: 701myFICO(7/15/17)
Goal Score: 750

Wallet: Discover IT $50300, Capital One Platinum $17000, Barclays Rewards $6700, Walmart $6000, Amazon Store Card $6000 Chase Sapphire Preferred $5000, Chase Sapphire Reserve $10000, Bank of America Cash Rewards $500. BestBuy $10000
Message 7 of 13
Established Contributor

Re: House Journey

So nervous. My inspection is tomorrow at 9. Hope they don't find anything too horribly huge in my ancient house Smiley Happy

BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($29,500) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($28,000)

Experian 746 Transunion 806-- July 2017
Message 8 of 13
Valued Member

Re: House Journey

Good luck to you! I had an inspection done and an appraisal (required for FHA loans) a few weeks ago. The inspection was very thorough was very informative. The appraisal was nerve wrecking as I was not there for that. Plus I had to wait over a week from the time it was ordered to the time we received the results. Luckily, my agent was there and was very informative about how it all went. I hope it all goes well for you!


Starting Score: EQ 612 (CU Lender Pull) 03-2012
Current Score: EQ 679 TU 697 (Lender Pull) EX 668 (Lender Pull)
Goal: Reach the 700+ Club!!!


Take the myFICO Fitness Challenge
Message 9 of 13
Established Contributor

Re: House Journey

Thanks wpbguy Smiley Happy

My lender requires an appraisal too. They are waiting for the termite letter (also tomorrow) and my ok to order the appraisal (pending inspection results). The appraisal is also going to make me pretty nervous. Thanks for the positive thoughts. Highly appreciated!

BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($29,500) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($28,000)

Experian 746 Transunion 806-- July 2017
Message 10 of 13