Now I know this is NOT preapproved....
but I'm sitting here way past my bedtime and eating antiacids! LOL
I just reined myself in after looking a house (hated it, but it was in line with what I wanted to pay---not what I wanted.)
Then late last night I found a house with motivated sellers (as he was being transfered out of state). Awesome home in the very neighborhood I've wanted all along---get this!
$24k below market value in a very stable area with awesome schools!
I talked to several people family and not....and all said I would be crazy not to go for it.
Had just pretty much made up my mind that I would be better off waiting till next year to have more money down and credit a little higher.
But then was talked into applying simply because the interest rates will most likely be higher then and this seller is not only selling than less than market value, but offering to pay closing costs.
I am scared to death!!!
The only thing I'm really worried about is:
A.) Less than 2 yrs on current job due to health issues (documented). Was out of work for 14 months. Never out of work before that.
B.) And my dti currently with this would be 44.85%. But if I had to, I could pay my car down to less than 10 months.Does this sound feasible??
EQ 817, EX 815, TU 813 (Updated 1/5/18: TU 843
They are in the same line.
Problem is, the house sold! 
On the up side, before I knew this, I called and gave much info over the phone (following up with the prequalification). Basically, BOA said I could most likely get preapproval within 24 hours (providing everything I told them checked out---and it will).
Told me I could probably qualify for more---told them no. (Want to do this comfortably).
Problem is; I thought this would be 3% down, no closing costs, no pmi....
Said the minimum score for that was 680. Said he pulled mine at median 640.
I just pulled all three and median was 660. (hmmm)
Still not not 680, I know, but I guess that's where mortgage fico comes in?
Oh, well. At least I got over the scary part (fear of rejection).
Even still, think I'll wait and build more (credit and down payment). Can't seem to find anything I like for my price range anyhow. I could swing 5% down (barely), but I would rather pay my car off and not have that bill to worry about.
Thank you for the input. I was sweating things all day....for naught.
Ok, now sorry I applied online for prequalification. Both BOA and WF pulled two inquiries each!
Why is that??
Pardon my loan ignorance, but why is that, Dallas?
And could you recommend any companies in the St. Louis, Mo area?
Thanks!