Re: OMG!!!! I GOT MY FHA PRE-APPROV
04-13-2011 05:40 PM
Well I went in and it was really interesting when we spoke to the selling agent she was honest about the property....it needs 55k worth of repairs...now we know why it keeps going in and out of the market she also told my realtor that they are looking for 203k or cash payouts...this poor lady seems so exasperated over this house it has been on the market for over a year and I am sure she really wants to unload this house so do I get a 203k loan?? I have been doing some research but I will not be able to particiapte in the first time buyers program using a 203k, so I would have to use my funds that I was going to use for moving expenses and new appliances...I am not sure if I am going to stick with this house but I may have to find something else...hmmm...I know with the work on this house that needs to be done...the appraisal will be LOW....
Starting Score: TU 545 EQ 575 EX 581
Current Score: EQ 699 TU 670 EX 679
Goal Score: 750
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