topic Re: DR Horton Home Buyers Club in Mortgage Loans

DR Horton Home Buyers Club

Anonymous — Sat, 07 Oct 2017 05:19:58 GMT

My husband and I sent a prequalification app in to DHI mortgage and they responded telling us about the Home Buyers Club. Can anyone tell me what their credit qualifications are to help us? We were told that they would be in contact with us and it has been a week now....we are kinda stressed!

Re: DR Horton Home Buyers Club

NC_Mtg_Loaner — Sat, 07 Oct 2017 22:26:22 GMT

From the looks of this link it seems like you are not ready to buy a home yet but that they'll reach out to you and coach you to help improve your credit to buy a home....

https://www.dhimortgage.com/home-buyers-club/home.aspx

Have a lender analyze your profile in order to understand what you might be doing wrong then correct any mistakes your making in your spending behaviours so that you can learn to maximize your credit score.

Re: DR Horton Home Buyers Club

Anonymous — Sun, 08 Oct 2017 02:52:02 GMT

We just graduated the HBC program. Your mortgage score has to be a minimum of 620 to qualify for a loan through them. They will get you in contact with a credit consultant who will then review score and tell you what you need to do to get your score up. It took us two months to graduate from their program.

Re: DR Horton Home Buyers Club

User470766 — Sun, 08 Oct 2017 12:43:30 GMT

Not the case. I just joined last last week as I am purchasing a home with D.R. Horton and the purpose of it is not only to help establish a minimum of 620 but to get your score up high enought to qualify for a better rate of enough to where your conditional approval doesnt have a ton over overlays on it. I'm currently sitting at a 622 after using alot of my available for an emergency car repair ( Mercedes ) but after paying down the balances as recommended by HBC, I should see a spike to about 660-670 before they pull again before the closing date on December 15. I'm hoping it all works out for me but just go ahead and do, its only $39 for a class you have to take and they will help you out.

Re: DR Horton Home Buyers Club

Anonymous — Sun, 08 Oct 2017 16:44:51 GMT

We are going FHA. That’s why ours was 620.

Re: DR Horton Home Buyers Club

Mike2 — Tue, 10 Oct 2017 15:59:15 GMT

Hi User 470766:

How can they help me out?? Looks like you are on your way, can you give more picticulars on the things you had in place or, need in place outside of your increased score? Also, will they give you prefrential treatment/approval cause you went through their class? Some of our negatives were factual and could not be removed for what eva amount or class! Only Time....could heal... In the meantime, what can I do that you did outside of score????