Mortgage Loans

[ndro]

Thanks a lot for the info!

[tooleman694]

They probably can't even go conventional with only a 650 if they just wanted to get something. FHA is impossible right now.

Keep rebuilding for another year, you will close in on the 700s.

[webhopper]

I went conventional early this yr with 5% down... minimum was 680 and I barely squeaked in with a 681 middle score.

[tooleman694]

I tried to go conventional, I was over 680 before the rapid rescore. I am now homeless.

[webhopper]

No problem! Visit the credit card forum for advice on some decent secured credit card options.

[webhopper]

I was homeless for 3 months before I finally closed. Don't lose hope. Bad thing was I owned two other homes that were rented out

[tooleman694]

I was finally approved FHA, with my sub 680 scores. We are waiting for our home to be built. Soon we will no longer be homeless, but when we finally get the home it would have been a year total since we sold.

[ndro]

One of the broker told me that, the limit is only 2 years (between Short sale and new Mortgage FHA loan). Please let me know, what is the true limit? And also, I heard a lot about rapid score on this forum what is that?