Just closed on my first home!!!

Anonymous · ‎03-02-2011

Thank you so much to this board and it's members.

With your help I was able to clean up my credit and make some credit score-raising decisions that I did not even know before joining.

I was easily qualified for an FHA loan and there was not a single obstacle in underwriting process.

A few tips I want to offer to those wishing to buy a house:

Centralize your money

Do not deposit anything but your payroll for the 60 days before applying and all the way until you close

Do not deposit any cash

Make sure you have explanation for any potentially questionable transactions

And most importantly, explore all government, county, and city programs available to aid with home purchase. There are so many and they are incredible! It's never free money (although sometimes that happens), but it's always very significant help, like interest-free downpayment loans, or lower rate programs, or downpayment assistance loans.

Do your research until you are blue in the face!

gagum129 · ‎03-02-2011

Congrats!! I look to be joining you in home ownership in the near future.

Starting Score: 582
Current Score:
Equifax 684 MyFico 10/10/11
Transunion 659 lender pull 7/6/11
Experian 690 lender pull 7/6/11
Goal Score: 700

Take the FICO Fitness Challenge

indiasnowden · ‎03-02-2011

Oh Happy Day! Congrats to you and yours!

Starting Score: 'All three mid 500s as of 1/1/16
EQ: 633 6 TU: 644 EX: 634 as of 3/11/17 via MyFico
Goal Score: 650

Take the FICO Fitness Challenge

mauve · ‎03-02-2011

I'm glad those programs work for most people! I suppose that Chase cash back rewards check is going to have to wait until May...

Starting Score: EQ 583 TU04 619 EX 592 (lender pull) 2010
Previous High Score: EQ 700 TU04 712 EX 726
Current Score: EQ 740 TU(Discover) 750 EX(AMEX) 747
Goal Score: 740+ all around

Take the myFICO Fitness Challenge

0errant · ‎03-03-2011

How very exciting! Congratulations

Starting Score: 528
Current Score:840 DISC, 788 EFX, 849 TRU, 850 XPN
Goal Score: 850+ for all three

Take the FICO Fitness Challenge

happy0510 · ‎03-03-2011

Congrats Sage!! You will enjoy every second

Starting Score: 615
Current Score: 709
Goal Score: 750

Take the FICO Fitness Challenge

JGWantsAHouse · ‎03-03-2011

Congrats!! Can't wait!

Closed on my first home April 2012

Starting Score: 559 11/2010
Current Score: 600 Equifax, 681 Transunion, 663 Experian(Lender)
Goal Score: 660+

Take the FICO Fitness Challenge

Red1Blue · ‎03-03-2011

Congrats...

Anonymous · ‎03-04-2011

Congrats!! Doesn't it feel great?!

DallasLoanGuy · ‎03-04-2011

congrats... you earned it

Retired Lender