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May 2015 Closers

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frugalQ
Valued Contributor

Re: May 2015 Closers

Congratulations to all May closers!!!
AmEx Green NPSL | Amex BCP 16K | Citi Simplicity 10k | Discover IT 9K | Chase Slate 7.5K | Amex Hilton HHonors Surpass 7K | Capital One QuickSilver 6K | Home Depot 5k | Chase Freedom 4.5K | LOC 2.5K
Message 11 of 185
Anonymous
Not applicable

Re: May 2015 Closers

My Mortgage scores, when I got my pre-approval, were EX641, TU629, EQ628.  My LO re-pulled since something derog dropped off my report and they are now EX661, TU647 and EQ629 (EQ did not drop it of course cuase they are terrible).  LO is working on trying to get my interest rate lowered before closing.  These scores reflect 20 credit inquiries due to an auto purchase and credit rebuilding before I found this site.  My credit has been pulled 5 times during this mortgage process.  So now everytime it gets pulled I lose 5 points across the board!  I pray there will be no more pulls.  12 of them are from my auto purchase that will fall off on June.

Message 12 of 185
peepers
Frequent Contributor

Re: May 2015 Closers

my mid was 773, however my husbands was 686 (and he is the Veteran...doing VA him primary).  However now it seems our interest rate is only going to be 3.5%.  I must have read something wrong

AMEX Green charge NPSL | NFCU Cashrewards Visa Sig $25,000 | NFCU Navcheck $15,000 | AMEX Everyday $15,000 | Discover IT $19,000 | Amex BCP $18,000 | Cap1 Quicksilver $5000 | Firestone $2,400 I Amex Oasis Optima (recovery card) $500 (closed July 2014)
MyFICO: TU 780, EQ 785 EX 776 Discover TU FICO 780. Rebuilt from 500's....closed on home May 2015!

Message 13 of 185
QueenBeeOC
Regular Contributor

Re: May 2015 Closers

Our middle scores are 673 and 677. My highest is 691. My husband's highest is 679

Southwest: $9k - Discover It $1,900 - Amazon $2,900 - CAP1 - $1,500 - QuickSilver (FKA Orchard) - $900 - J. Crew $1K - LOFT $1K - Nordstroms $1K - Amex BCE - $3,000
Scores: Credit Karma 687, Credit Sesame 660- EQ 643 - EX 665 (from Amex)- TQ 655 Lender Pull: 693


Message 14 of 185
InvincibleSummer3
Established Contributor

Re: May 2015 Closers

Home Location :  Sparks, NV
Purchase Price : $ 227,000
Property : Single Family detached 1508 sq ft, w/ two car garage.
Submitted Offer : April 15, 2015
Signed contract : April 17, 2015
Earnest Money : $ 1,000
Lender Name : Guild Mortgage
Notes about lender : Adore my LO, I'm a little skittish (single mom of two and my oldest had cancer as a little one so financially we have been through the wringer, I'm cautious) but thus far the process has been remarkably smooth. She's very reassuring.
Type of Loan : FHA
Loan Rate; 4.1%
Appraisal was ordered 04-20-2015
Appraisal performed 04-22-2015
Appraisal completed and sent to clearinghouse : pending
Sent to underwriting : 4-24-2015
Tentative closing : May 18, 2015
Mortgage Scores per Lender :  Experian 698, EQ 666, TU 717
Derogatories on reports : No lates, ever, but one collection (an old medical debt that's about six years old). I had sub-500 scores for years, all the way up until 2011, so it's unreal that we're now within range. Fingers crossed!

Looking forward to building a life in our new home with two healthy & happy kids.
Message 15 of 185
Anonymous
Not applicable

Re: May 2015 Closers

InvincibleSummer, I'm definitely crossing my fingers for you! You sound like an incredible mother. 

Message 16 of 185
planoser
Established Member

Re: May 2015 Closers

Home Location :  McKinney, TX
Purchase Price : $ 320,000
Property : Single Family detached 2700 sq ft, 3 car garage.
Earnest Money : $ 2,500
Lender Name : Herring
Notes about lender : Awesome service from LO, takes the time to explain everything at an easy to understand level and very responsive. Also shopped 3 lenders and they came in by far the best. 
Type of Loan : Conventional 30yr
Loan Rate: 4.125%
Down: 10%
Appraisal performed 04-24-2015, came in at purchase price
Tentative closing : May 19, 2015
Mortgage Scores per Lender :  Initially pulled Mid 658 but just did rescore at 662 after paying downa  CC, waiting to hear what better rate I get, LO said should be 4.00 for sure but trying for possibly better
Derogatories on reports : No lates on either file, however I had a mystery collection hit from T-Mobile that sank me this past year. When I paid it I asked them to pull back from CA which they agreed. I should have pursued PFD in writing I guess Smiley Sad
 
My regular FICO8s are 698 Mid, was depressed to see the mortgage score come in so low as I've never had any lates on my current mortgage or anything on my file.
Is this a good rate for my scores w/ 10% down?
3/30/09: 583 EQ FICO
9/16/09: 629 EQ FICO, 641 EQ TU
10/19/09: 635 EQ FICO, 645 EQ TU, 657 EX FICO -- Lender Pulled
Message 17 of 185
LynGene
New Contributor

Re: May 2015 Closers

Woohoo!  I get to finally post in a closing board!  Congrats to us all!

 

Home Location :   Houston, TX area
Purchase Price : $ 235,000
Property : Single Family detached 2400 sq ft, w/ 3 car garage.
Submitted Offer : 4/9/15
Signed contract : 4/13/15
Earnest Money : $ 2,000
Lender Name : Smart Financial CU
Notes about lender : So far so good.  I feel like I'm in the dark a lot, but the LO is responsive at least.
Type of Loan : Conventional
Loan Rate: 4.0%
Appraisal was ordered: not sure
Appraisal received: 4/24/15
Sent to underwriting : a couple of weeks ago.  Conditions back & we're all set!  Just waiting on the close of our current home to finalize all of the conditions.
Tentative closing : 5/21/15
Mortgage Scores per Lender :  EX 701, EQ 702, TU 697
Derogatories on reports:  1 small med bill, # of inquiries & avg age of credit

Tick, tock....  Waiting on the sell of our current house which will hopefully be 5/8.  That process hasn't been nearly as efficient feeling as the buying side has!
Message 18 of 185
b1gr3dmachin3
Contributor

Re: May 2015 Closers

Add me to the list....May 22nd!

BoA 123 $2.5k (11/12) // Discover It $3.9k (7/13) // Citi Forward Student $3.8k (7/13) // Chase Freedom 5k (12/13) // Amex Blue Cash 6k (1/15)

Starting Score: No Credit History (11/12)
Current Score: MyFico 761
Goal Score: 800+


Take the myFICO Fitness Challenge
Message 19 of 185
Anonymous
Not applicable

Re: May 2015 Closers

Home Location: MA
Purchase Price: $269,500.00 with $4,500.00 seller paid closing costs/pre-paids

Property: Single-family detached home, 1 car garage, ~1300 sqft, Built in 1970

Mortgage Scores: Me – EX722 TU747 EQ770 (4/22); Spouse – EQ579 EX601 TU630 (4/29 - expecting they'll go up by the time we close)

Pre-Approval: March 11, 2015
Offer Submitted: April 6, 2015, Counter-Offer Received April 7, 2015

Final Offer Accepted: April 13, 2015

P&S Received: April 13, 2015

P&S Signed: April 22, 2015
Earnest (Deposit) Money: $2,500.00
Lender Name: Mortgage Masters
Type of Loan: FHA
Inspection: April 18, 2015
Purchase contract addendums:
Loan Rate: 4.0%
Application submitted: April 23, 2015
Loan Processing:
Mortgage Commitment Letter: 
Appraisal Ordered: April 27, 2015
Appraisal To Be Completed:  May 4, 2015
Went to underwriting: 
Underwriting Complete: 
Final Approval:
Walk Through:
Tentative Closing Date: May 29, 2015

Derogatories on Reports: Spouse has quite a few late payments, most of which are >1 year old, but he has a few within the past year (only CCs/car payment), but lender said as long as his score stays above 580 we're good. Expecting they'll want a LOE. I have Zero lates. Both have Zero lates for rent.

 

*Fingers crossed everything goes well! Just waiting on the FHA Appraisal - I know they're going to come back with some issues, as there's a bit of paint flaking on the back/sides of the house and some rotting exterior trim. Most stress of my life! I would've gotten the loan in just my name since my credit scores are a lot higher than his, but my DTI ratio is way too high to qualify on my own, so fingers crossed the loan process is smooth.

Message 20 of 185
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