I'm so excited to be able to post in this thread, its been such a tough 6 months to get here, and man hurdles in the loan process but I finally got my clear to close today. I started off 6 months ago with a 600 credit score and already have an FHA loan on my condo. I was able to secure this house with including my condo in the DTI. It doesn't seem like much, but with my newborn here I am proud to put my wife and daughter in a good neighborhood in a great home.
- Purchase Price: $119,900(seller pays 3% closing)
- Property: ~1600 Sq ft 3 bed and 1 bath ranch style home
- Submitted offer on: 8/19/12
- Signed Purchased contract on : 8/21/12
- Type of Loan: Conventional
- Loan Rate: 3.5%
- Loan Application submitted: 8/24/12
- Loan approved: 10/1/12
- Committment letter received on: 10/1/12
- Closing date: 10/3/12
- Closed on: 10/3/12
Starting Score: EQ 619