Couple weeks ago I called and talked to a MLO for advice about when to start looking for a house or wait a year. She asked for my information which I gave to her...She said credit was good and I was pre-approved up to $130k with FHA and down payment assistance, tax and insurance paid. She advised me to start looking other then waiting which I did.
Found a house, offer accepted, closing date Oct 25, Inspection done. Seller willing to pay closing cost. Documents sent off.
I guess I'm stressed and scared, waiting to hear something.
I have no loans other then a 6,700 car loan which was refinanced in Aug, pay was $172 now $129 starting Oct 10th and just a $30 bucks on a credit card. I did have a old medical collection from 2013 of $600 that fell off in Aug and care credit that was added the start of Sep. No late payments, overdrafts etc
My credit score is low balling at 620
Annual income of about 24k
House price $117,900
I have a gut feeling I won't be accepted.
