Frequent Contributor
Posts: 490
Registered: ‎02-07-2010
Preapproval letter!!!

After being denied a preapproval by NVR Mortgage, the mortgage arm of Ryan Homes, we went just to talk to a Suntrust Mortgage rep and ended up leaving with a preapproval letter! She also deeply explained the NVR Mortgage sheet of fee's we were given and basically explained to us in normal people English that we were getting ripped off and would have to come up with way more money than they were telling us on the front end. So be aware people of NVR Mortgage!


Starting Score:TransUnion: 698 (12 FEB 2010), Equifax: 674 (12 FEB 2010)
Current Score (Lender Pulled):TransUnion: 635 (15 APR 2015), Equifax: 685 (15 APR 2015), Experian: 662 (15 APR 2015)
Goal Score:All scores All scores at least 680+ by Jan 2016!!

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New Contributor
Posts: 66
Registered: ‎10-22-2007
Re: Preapproval letter!!!

Can you share why NVR denied you? I am meeting the loan officer on Tuesday and I don't know what to expect.


Starting Score: 565
Current Score: EQ 653, TU 657, EX 656 Lender Pull (MyFico)
Goal Score: 720


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Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
Re: Preapproval letter!!!
Congratulations on your preapproval!

Starting Score: 08/29/2011 TU 671 EQ 674
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Frequent Contributor
Posts: 490
Registered: ‎02-07-2010
Re: Preapproval letter!!!

NVR denied us because my wife's mid score was too low. They never informed us that I could apply for the loan by myself. We then went to SunTrust here and the LO gave me an approval letter on the spot and didn't even pull credit. NVR quickly changed their tune after that and stated that they could get us approved as well.


Starting Score:TransUnion: 698 (12 FEB 2010), Equifax: 674 (12 FEB 2010)
Current Score (Lender Pulled):TransUnion: 635 (15 APR 2015), Equifax: 685 (15 APR 2015), Experian: 662 (15 APR 2015)
Goal Score:All scores All scores at least 680+ by Jan 2016!!

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Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
Re: Preapproval letter!!!
Boom goes the dynamite...this is why the want you to go with the in-house lender....congrats on your preapproval!!!
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Valued Contributor
Posts: 2,789
Registered: ‎10-10-2012
Re: Preapproval letter!!!
Congrats on the pre-approval! Suntrust has treated us well in the past and glad they are working with you. Smiley Happy

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 816 EX 780 TU 823
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