Contributor
adonis2011
Posts: 84
Registered: ‎04-03-2012
VA Loan through WF.
My husband and I have been working on our credit **bleep** and the builder is paying closing cost. Will not having reserves be a deal breaker? Anyone have experience with WF VA process?
Regular Contributor
jnkp2001
Posts: 135
Registered: ‎01-04-2012
Re: VA Loan through WF.

We are with Veterans United.  They said it wasn;t, but you never know.....lol

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007
Re: VA Loan through WF.

Pardon bleeps....technical glitch.

Administrator Emeritus
Sarah
Posts: 599
Registered: ‎03-26-2012
Re: VA Loan through WF.

The **bleep** issue has been fixed -- it was a matter of altering our spam filter. Apologies for the inconvenience -- please carry on as you were :smileyhappy: 

Frequent Contributor
DrJim
Posts: 361
Registered: ‎10-26-2009
Re: VA Loan through WF.

Closed a WF VA in June.  Reserves were not an issue.  Very easy process, had a 711 midscore at the time.  Many folks end up with their earnest money back at closing.

 

Good luck!



Starting Score: TU 672 EQ 654 10/20/09
Current Score: TU 775 EQ 783 EX 795 Dec 2013
AMEX Delta Platinum $35K, NFCU Visa Signature $30K, HHonors Reserve Visa $35K, WF $13.5K,
Frequent Contributor
seigex
Posts: 425
Registered: ‎05-16-2012
Re: VA Loan through WF.

DrJim wrote:

Closed a WF VA in June.  Reserves were not an issue.  Very easy process, had a 711 midscore at the time.  Many folks end up with their earnest money back at closing.

 

Good luck!


phew thanks, my middle score is 704 ... I was getting nervous about reserves with my VA loan as I keep going over in my head what could go wrong... thanks for the reassurance

Lender Pull (11/3/12) FICO EX: 740 EQ: 680 TU: 702

NFCU VISA $17.5k / USAA AMEX $6k / USAA AMEX $4k / USAA VISA $4k / CHASE FREEDOM $3k / Capital One $500