Well why ibhoped to get into the range of MMS 720, I have exhausted all efforts and looks like I will be stuck with a 676, so FHA it is. Kinda depressing but I have learned a lot and done my best!!
Congratulations on rebuilding your credit.
You may still qualify for a conventional loan but if you don't, you have no reason to be depressed. FHA is a great program & FHA is dropping the MI so your monthly payment will probably be less than if you went with a conventional loan.
Awesome!! Not bad but the 700's lasted a short while for me lol (2-3days) lmaooooo thought I had it all down pact, you still have time so maybe you can get the score youre working so hard for by the time closing comes for you. Good Luck!!
compare conv...... many lenders can do conv down to 620 with just 5% down.
with fha pmi for life of loan.... it is a consideration..... depending on how long you plan on being in the loan
Long story, I am awake at midnight waiting for a fax for the requested letter needed so I can submit tomorrow to begin my rapid rescore. So far there is nothing rapid about the whole process.......gonna be a long night. :0)