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New Member
ndro
Posts: 6
Registered: ‎03-29-2009
0

Re: What are our chances?

Thanks a lot for the info!

Valued Contributor
tooleman694
Posts: 2,297
Registered: ‎08-25-2011
0

Re: What are our chances?

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.

Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: What are our chances?

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

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
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Valued Contributor
tooleman694
Posts: 2,297
Registered: ‎08-25-2011
0

Re: What are our chances?

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

Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: What are our chances?

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

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: What are our chances?

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 :smileysad:

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Valued Contributor
tooleman694
Posts: 2,297
Registered: ‎08-25-2011
0

Re: What are our chances?

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.

New Member
ndro
Posts: 6
Registered: ‎03-29-2009
0

Re: What are our chances?

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?


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