09-13-2012 10:53 AM
It is over. I just closed on my home this morning. It was a hell of a ride. I was suppose to close on the 22nd, 29th of August, then the 5th, 7th, and the 10th of this month. I was good to see the smile on my wife face...my kids as well. The loan is a FHA loan, $280,000 with 5% down. Credit score of a 660, oh yea...I had a deed in lieu completed April 2009. Interest rate is 3.375% and the home is 3100sq Ft 5 bedroom, 3.5 bath with an unfinished room. I want to give thanks to MYFICO and everybody here. I came here a year ago "seeking the light" and I found it.
If you ever think that you can get a home loan with a deed in lieu, I am living proof. Also, I had a 51%dti as well.
09-13-2012 11:54 AM
09-14-2012 10:17 PM
Who is the mortgage through? We were told since my husbands scores are over 640 that our dti can be up to 50%. With the house payment included we are around 50-51%, we are working to get it down the one percent in the next couple of weeks...just wondering which company would give on that one percent. (just in case)
09-16-2012 06:33 AM
I am just getting back from packing and moving (even though it is in the same neighborhood). I went with Franklin American with Principal Home Mortgage doing the initial process. The closing was simple and quick, 45 minutes, and I got the keys. I will make my first payment in November.