Starting Score:5/22/10 590
westo12 wrote:
So you got approved for an FHA loan with a recent 30 day late, and a 60 day late within the last 2 years?
I thought it wan't possisble, but I sent my lender a copy of my credit report that I had pulled to do a pre-preapproval so to speak. Once she checked that over, she told me that she saw no issue with getting financed for a new home. I don't know if it is because we have a very good debt to income ratio right now, or our income is good, or what, but i'm not going to fight it! Another thing too is, we plan on doing a new build which is an 8 month process. By the time the house is complete, all the time would pass that would age the lates.
I need to work with your lender lol. 
No, I want to pay off a few things before I even get the courage to apply for a home loan. Feel in some way, that's what I need to do. Something about not wanting to app for a home loan until I have at MINIMUM mid score of 640, at least 8-10% down, and no lates within a year and no derogs over 500. Pretty much afraid of the rejection!
