topic Re: Maybe in underwriting? Waiting on a rescore? in Mortgage Loans

Maybe in underwriting? Waiting on a rescore?

Anonymous — Tue, 19 Mar 2019 22:26:43 GMT

We were supposed to close 3/8/19, the appraisal wasn't ordered until 3/12. Lender ran credit 2/8 & 2/21 after a rescore. At that point credit was 580 with 10 percent down and a cosigner. We still are waiting on another rescore and we are in the house on a residential lease. No real answer on what to do! Please Help!

Re: Maybe in underwriting? Waiting on a rescore?

Anonymous — Tue, 19 Mar 2019 23:22:46 GMT

are you carrying a lot of credit card debt? whats holding your scores down

Re: Maybe in underwriting? Waiting on a rescore?

Anonymous — Tue, 19 Mar 2019 23:25:52 GMT

We had some credit card debt that's been since paid down around 1000 in debt and some medical bills. The loan officer literally said he doesn't know why the score is so bad. My husband makes around 105 a year and the home we're buying is 190k. 172 loan with down down payment.

Re: Maybe in underwriting? Waiting on a rescore?

kaylord84 — Wed, 20 Mar 2019 00:54:22 GMT

I'm also purchasing my house that in currently and on a lease

Re: Maybe in underwriting? Waiting on a rescore?

Anonymous — Wed, 20 Mar 2019 01:14:12 GMT

When will you close? How long is the lease?