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ON EDIT - 9/27/2011 - I closed on my house TODAY. I thought I'd bump the thread for people to not get discouraged!
I didn't even think of buying a house before 6 months ago TOMORROW. I saw the house, and got tons of stuff to clean up, did it and closed!!!
THANKS TO ALL!
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WAS: OK Here goes Mortgage Gurus... What do you say?
On Edit 7/20/2011: Removed some somewhat personal info since I got help. If this helps you, great!
3/28/2011 - FICOs: 624 EQ / 595 TU / 585 EX (Told by Wells Fargo "see you in six months")
7/9/2011 - FICOs: 654 EQ / 672 TU / 632 EX (3 months, 11 days)
Pre-Approved at Coldwell banker for $90K mortgage.
Interest rate: 4.375%
CRA | TransUnion | Experian | Equifax |
Past Due: | $0 | $0 | $0 |
High Balance: | $4750 | $3313 | $4750 |
Terms: | 120 | 120 | 0 |
Limit: | $0 | $0 | $0 |
Payment: | $50 | $0 | $0 |
Opened: | 04/10/2009 | 04/01/2009 | 01/01/1970 |
Reported: | 06/15/2011 | 04/11/2011 | 05/01/2011 |
Responsibility: | Individual | Individual | Individual |
CRA | TransUnion | Equifax |
Past Due: | $0 | $0 |
High Balance: | $4750 | $3313 |
Terms: | 120 | 0 |
Limit: | $0 | $0 |
Payment: | $50 | $50 |
Opened: | 09/27/2005 | 09/01/2005 |
Reported: | 06/15/2011 | 06/01/2011 |
Responsibility: | Individual | Individual |
Everything looks fine except for the credit - with a charge-off this month and last month, and I am not sure what WIU is, you are going to have to wait a full year. Your scores are pretty high from having 2 recent charge-offs. Are those when the charge-offs occurred or when you paid them off?
All but one charge offs happened no later than 2006 of perhaps 1/2007 (DOFD/date when they went to CO status)..
Only Comcast happened in 2009.
WIU is Axia College of University of Phoenix for ~ $80. That was 2006. I paid it last month.
Those were the activity according to EIDT, which I could probably find better info on something else (the payment history) but on some the payment history disappeared once PIF.
So basically these are all "update dates"...
Ah I see, it looked as if that is when the charge-offs happened, which your scores would certainly surprise me if they did. Since they all happened years ago then your credit should be in good shape.
Thanks Shane.
This week I've got pre-approvals from Quicken Loans (FWIW) and Coldwell Banker Select Mortgage, with Wells Fargo processing.
My middle score was in the 650's on Quicken and Coldwell. I have all the numbers at home (to update my signature) but I'm on vacation now!
That, plus just last week experienced a large amount of B* on my TU for the first time!
Should I also apply at my bank and maybe PSECU while I'm in the "14 day window" for the inquiries?
You are welcome. Out of the 3 you've applied with I'd prefer Coldwell Banker. I believe it's a 45-day window for inquiries using the latest scoring models (which is what mortgage lenders use) - http://www.myfico.com/crediteducation/creditinquiries.aspx
Just so you know, I closed today on my house!
No more credit reports were necessary after a beginning of August report.
Thanks Shane and all here!
Congrats! Great story, hard work pays off now put 6 months of reserves away so you are covered in case of work emergency's