Is it real - pre approved

[NYKnicks65]

Hey everybody, I don't know if I should the thank you dance or should I just hold tight..Chapter 7 bk seasoning period is up July 8th. I went to a broker first who I don't think really wanted to work for me to get my loan. I decided to check out a coouple of builders. Went to DR Horton and KB homes.. I didn't like the location where DR Horton was building the Express homes, so I went back to KB Homes..New area with about 70 homes.  Looked around and decided to do the app. The sales consultant called me today and told me to come and pick out my lot. I was a little nervous because the email that sales consultant showed me said I had a "yellow" for approval.. While signing the contract the pre-approval came through for 180k. Please somebody pinch me.. Am I dreaming or what?? Just wanted to share!!

[wmweeza]

That sounds far too easy. If I applied for a home loan for a new build they'd want pay stubs, tax records,current income and assets etc.

[NYKnicks65]

Hmm.. I did provided all the necessary documentation. All processes are not complicated and sometimes do run smoothly. Thank-you for you input

[Indycoltsfan]

Congratulations!!!  I am sure it feels great!

[ezdriver]

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@NYKnicks65 wrote:

Hey everybody, I don't know if I should the thank you dance or should I just hold tight..Chapter 7 bk seasoning period is up July 8th. I went to a broker first who I don't think really wanted to work for me to get my loan. I decided to check out a coouple of builders. Went to DR Horton and KB homes.. I didn't like the location where DR Horton was building the Express homes, so I went back to KB Homes..New area with about 70 homes.  Looked around and decided to do the app. The sales consultant called me today and told me to come and pick out my lot. I was a little nervous because the email that sales consultant showed me said I had a "yellow" for approval.. While signing the contract the pre-approval came through for 180k. Please somebody pinch me.. Am I dreaming or what?? Just wanted to share!!

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Congratulations. You are not dreaming. It is real. Keep us posted.

[Sbrooks1]

What are your mortgage scores , any baddies left !?? Awesom congrats

[NYKnicks65]

My middle score is sitting around 632..I need 640 to get down payment assistance. Next step are permitsand then we are breaking ground!! I have read so many stories about pre approvals and then having the rug pulled out..i pray that doesn't happen to me.. No baddies.. Chapter 7 two year waiting period is up July., I need to get my cc utilization down..

[Anonymous]

OK so you did wait your full 2 years. 

[NYKnicks65]

Yes.. I waited the full two years. I had a mortgage broker pull my scores in January. I then had DR Horton pull them.. I then was accepted to their home buyers program which helped to improve my scores.. I also completed a HUD approved home buyers class for down payment assistance.. The builder is paying 6k in closing cost. I pray everything runs smoothly..