cancel
Showing results for 
Search instead for 
Did you mean: 

Preapproval letter!!!

tag
MrChairman
Established Contributor

Preapproval letter!!!

After being denied a preapproval by NVR Mortgage, the mortgage arm of Ryan Homes, we went just to talk to a Suntrust Mortgage rep and ended up leaving with a preapproval letter! She also deeply explained the NVR Mortgage sheet of fee's we were given and basically explained to us in normal people English that we were getting ripped off and would have to come up with way more money than they were telling us on the front end. So be aware people of NVR Mortgage!


Starting Score:TransUnion: 698 (12 FEB 2010), Equifax: 674 (12 FEB 2010)
Current Score (Lender Pulled):TransUnion: 684 (12 SEP 2016), Equifax: 696 (12 SEP 2016), Experian: 679 (12 SEP 2016)
Goal Score:All scores All scores at least 700+ by December 2017!!

Take the FICO Fitness Challenge
Message 1 of 6
5 REPLIES 5
lsjohns00
New Contributor

Re: Preapproval letter!!!

Can you share why NVR denied you? I am meeting the loan officer on Tuesday and I don't know what to expect.


Starting Score: 565
Current Score: EQ 653, TU 657, EX 656 Lender Pull (MyFico)
Goal Score: 720


Take the FICO Fitness Challenge

Message 2 of 6
webhopper
Moderator Emeritus

Re: Preapproval letter!!!

Congratulations on your preapproval!
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 3 of 6
MrChairman
Established Contributor

Re: Preapproval letter!!!

NVR denied us because my wife's mid score was too low. They never informed us that I could apply for the loan by myself. We then went to SunTrust here and the LO gave me an approval letter on the spot and didn't even pull credit. NVR quickly changed their tune after that and stated that they could get us approved as well.


Starting Score:TransUnion: 698 (12 FEB 2010), Equifax: 674 (12 FEB 2010)
Current Score (Lender Pulled):TransUnion: 684 (12 SEP 2016), Equifax: 696 (12 SEP 2016), Experian: 679 (12 SEP 2016)
Goal Score:All scores All scores at least 700+ by December 2017!!

Take the FICO Fitness Challenge
Message 4 of 6
beb86
Valued Contributor

Re: Preapproval letter!!!

Boom goes the dynamite...this is why the want you to go with the in-house lender....congrats on your preapproval!!!
Message 5 of 6
Epcot
Valued Contributor

Re: Preapproval letter!!!

Congrats on the pre-approval! Suntrust has treated us well in the past and glad they are working with you. Smiley Happy

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 849 EX 835 TU 841
Message 6 of 6
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.