I have been a frequent visitor to the myfico forms since about 2014. At that time I had finally gotten my first real job and started taking my credit and financial future serious. I believe when I pulled my first FICO score from MyFICO I was in the below 500 score range. Looking back I must have worked pretty hard to get my score that low haha.
With the help of this board I got my mortgage mid score up to 635 for my application.
I was hesitant to post anything about my mortgage process because I didn’t want to jinx anything. However I did receive the closing disclosure and was scheduled a time at the title company to close so I will assume I'm pretty safe now. Below are some of the metrics.
Housing Type: Single Family Home
Purchase Price: $75000
Signed Contract: 10/22/16 (Short Sale)
Location: Albuquerque, NM
Property Type: Single Family
Type of Loan: FHA Mid Score 635
Loan Rate: 3.85%
Inspection: 1/7/2017 - All clear
Cleared to close: 01/12/17
Final Walk through: (I'm at the house almost everyday)
Closing Date: Scheduled for 1/17/2017
Closed On: TBD
I am beyond excited to own my first home at the age of 28. I know it’s not a big accomplishment for most but if I had time to explain my whole back story, I'm sure you would be excited too.
If anyone has any questions about my process or is in a similar situation I would love to answer any questions you may have. I know this process is super stressful and its helpful to have people in an amazing community like this to answer questions.
Thanks again everyone for all the help over the years!
Thank you! I couldnt have done it without everyone here.
Congratulations! You are almost there. What a great job going from the 500s to homeowner. Take time to savor the moment and celebrate when you close and get keys in hand