12-28-2012 08:58 AM
Thank you, I hope you are right. This is just about the most stressful thing Ive ever been through. I had bid on a house last May that the appraisal came back under the asking price and my offer. The sellers wouldn't budge so I know things can go wrong. I just never imagined it would be my fault if something went wrong. Clearly this is my fault due to ignorance. I could have found a way to have prevented the overdrafts had I known it would be an issue so I am definitely beating myself up about it. I was able to build my credit back up because of lurking on this forum but I never read or thought to read about overdrafts when trying to purchase a home. I honestly thought I was over the biggest hurdle when the appraisal came back several thousand over the price. Now this! I'm at my wits end.
12-28-2012 11:34 AM
12-28-2012 12:15 PM
Thank you Leppy. First congrats on the new grandbaby!
I'm not sure if this is true or not but I read some place (possibly on this forum) that if you are approved by the uw's then it goes to USDA mostly just to make sure the uw's did their job and that rural development rarely denies if you made it that far. I will certainly keep you in my thoughts and prayers. I believe my file is ready to go to USDA but not positive on that. I'm still not certain what my broker meant when he said he had spoke with the account rep who said with a LOE my overdrafts shouldn't be an issue. "Shouldn't" being the key word. He didn't say it wouldn't be.
I should also apologize for being so self centered and thinking this is the most stressful thing I've ever been through. I'm certain that awaiting the birth of a healthy grandchild would be more stressful and more thrilling all at the same time.
Best of luck to you and yours.
12-28-2012 02:26 PM
12-28-2012 02:33 PM
Haha! I'm in the same boat, fingernails all down to the nothing. While I was in rebuilding my credit mode I also got my body into shape and I think Ive gained at least 10 pounds over the past few weeks. Emotional eater here--along with the holidays, it doesn't do a body good, lol.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.