The Mortgage Approvals Thread!!!

[getmycreditright]

I have searched and searched for the old thread, but I cannot find it. 

Please post your approvals along with all the trimmings (amount approved for, current credit scores, rate, type of loan, baddies (?) etc.)! 

My wife and I are planning to buy in 2012 and I'd like to compile as much information as possible. I'm sure our community would greatly appreciate it as well.

[Anonymous]

$175K Pre-Approval

700 Equifax Score

4.0% Rate 30-Year USDA Guaranteed

$52K base salary

No "baddies" on the CR

$13K in CC debt with $25K Limit at time of preapproval, now at $8K (No other debt)

Working through the process now, $130K offer accepted on house

[liyfe1]

250k pre-approval

mid score at the time was 698 (now 750 but too late)

4.375% rate 30-year 

75k salary

Judgement, and charge off with boa

put 20% down 

[boomhower]

Approval $58.5k(no idea on max, found the house before applying)

Midscore of 699

3.5% for 15 years FHA

$100 down(still can't get over this)

33.5k base salary

Two unpaid CA's for apartments, were not required to be paid. (total close to $3k)

Closing this Friday!

[frogfan12]

No idea on pre-approval...I told them the house was $114K so they approved me for that

756 TU score at time of application

4.75%, 30 year fixed 

$5K down 

$46K salary

No baddies 

$1800ish in CC debt

[getmycreditright]

Was that the best rate your lender gave you? I've seen rates on a 30-year for around 3.8% and you should definitely qualify given how great your credit profile looks.

[Anonymous]

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@getmycreditright wrote:

Was that the best rate your lender gave you? I've seen rates on a 30-year for around 3.8% and you should definitely qualify given how great your credit profile looks.

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That does seem a bit high, considering the credit profile given. We were quoted 3.75 on our preapproval, with scores in the 740s

[Anonymous]

3.75% no points 30 yr fixed

Mortgage $282,000

middle score 768

income $155k (no e-brag)

Just locked my rate last week.

[LondonMassey]

30yr fixed FHA

Loan $60k

Income $19k

I'm a single mom of 3 - no negatives on credit since 2007, 2007 consisted of 1 medical (they neglected to bill insurance and I didn't find out until I pulled my credit 2 years later) and 1 bill from Embarq for $350 that I refuse to pay (I cancelled service and went back to Cox, they never disconnected me - also paid a month in advance AND Century Link- the company that took over- said I "owe" $207 from their records).  I have a tax lien from the IRS that was paid in full and released in 2008-$6700, student loan that was defaulted for $1050 - paid in full (2009), VA collection they claim they overpaid while in school $811- paid in full (2009), 3 medical bills from 2005 that are unpaid (worker's comp covered half-I was uninsured at that time) - not required to pay and scheduled to fall off March/April this year, and a few paid medical collections from a car accident in 2006 that weren't paid until my attorney reached a settlement.  One cc with a $350 limit and $45 debit on it, min payment $15.  No other debts.  Mid Fico of 643, high of 668, low 614.

[ReBuildingAgn]

Didn't get a hard amount for preapproval as I found a house first. My personal max is $160K

Price: $158.5K

Income: $40K

Debt: Student loan $175 (in deferment), car paid off, $89 CC Debt

Credit Score: Mid was 689, 3 Medical Collections unpaid, 4 CC Charge off, 3 paid

Rate: 4.375%, 30 year Conventional, 100% financing