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Mortgage happy ending 589 score!!!

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Julesny
Established Member

Mortgage happy ending 589 score!!!

First of all I'm sorry for those whom waited too long for the midland info, past six month was quite crazy!!!
Here is my journey from may 2012 until march 19th 2013 !!!

I started on march 2012 with my highest credit score at 525 and lowest 484- SCARY !!
I was able to raise more then a 100 points within that year period by paying EVERY SINGLE COLLECTION!!!
As far as I knew it I would never get a mortage with no less then 620 and perfect clean for the past 12 months.
It was times that I felt very discouraged but at the same time very optimistic .
I live in NY on the border of CT so I looked for all the options on the book
Ct chfa
FHA
Sonima
HDF etc...

Nothing became real until the day I truly found an angel at PROSPECT MORTAGE located
In wolcott CT/ Meriden through chfa
I can't put her name here otherwise they will take off.
But since the first time I spoke with her and told my situation with blemishes and low scores she told me of the bet that PROSPECT MORTAGE DOES FHA MORTGAGE WITH
580 SCORE
My middle score January 2013 was 613
And I was pre approved by her.
I found a place that I could afford and submitted all info to her.
Their underwriter is fast and competent and always prompt to help .
They have me a rate of 4% because my credit wasn't the greatest .
I do have to say that it was a very stressful time because we never know what kind answer you will get it!!!
But I can assure you if that person I "mentioned" above tells you yes you can do it
Trust her because you can!!!
One piece of advise is: ALL COLLECTIONS MUST BE PAID, AND YOU MUST HAVE ENOUGH FUNDS FOR TWO MONTH RESERVE AND CLOSING COSTS, THAT'S CRUCIAL!!!
Other then that she will take care of you
April 19th 2013 a week ago I closed on my very first home!!
Thanks to MP at prospect mortgage from
Wolcott/ Meriden CT!!!
Message 1 of 12
11 REPLIES 11
qd
Regular Contributor

Re: Mortgage happy ending 589 score!!!

Good work and congratulations!!

Message 2 of 12
Julesny
Established Member

Re: Mortgage happy ending 589 score!!!

Thanks
Message 3 of 12
Hollywood1313
Member

Re: Mortgage happy ending 589 score!!!

Wow! Congrats!!!
Message 4 of 12
tirado126
Contributor

Re: Mortgage happy ending 589 score!!!

Congratulations! Thanks for sharing your journey.

--------------------------------------------------------------------------------
Starting Score: EQ 542, TU 503, EX 580 (all lender pulled 06/07/11)
Current Score: EQ 649, TU 722, EX 654 (pulled Dec 2013)
Goal Score: 700 club for all 3 agencies!

CapOne$750/FP$400/Matrix$300/VS$500/Walmart$500/BestBuy$1K/KayJeweler$2K (last app 12/16/13)
Message 5 of 12
Bell536
Contributor

Re: Mortgage happy ending 589 score!!!

CONGRATULATIONS!!!!!!!!!!  THAT IS FANTASTIC!!!   Well done!

Clean up CR for home purchase.Started on 04/16/2013.
04/16/13 EQ 536,TU 537,EXP 552 Lender pull
04/30/13 EQ 602 MYFico.com 05/12/13 EQ 614 / TU 595 MYFico.com
05/18/13 EQ 625 MYFico.com,614TU 5/28 EQ 625 Mid Score 621 TU
05/31/13 EQ 663 MyFico!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Message 6 of 12
Cracka
Valued Member

Re: Mortgage happy ending 589 score!!!

Persistence pays off. Congrats!


Starting Score: 639
Current Score: 648 EQ, 664 TU
Goal Score: 720

Take the myFICO Fitness Challenge
Message 7 of 12
rebuildingmission2013
Contributor

Re: Mortgage happy ending 589 score!!!

You are one of very few (%wise) to get a mortgage in today's climate below 600.  Nice achievement.  

Message 8 of 12
Julesny
Established Member

Re: Mortgage happy ending 589 score!!!

Hi everyone, thanks for the compliments!!!
I also would like to say that not just persistence put me on my very first home
But as well without the knowledge of
MP of prospect mortgage that would not happen. Unfortunately these days ALOT LOAN OFFICERS don't even bother to take the time to look into it. It's funny because before I went with MP another LO from the same company same state on the same day
Told me I could not be pre approved because I didn't have enough money in the bank.
In a matter of 4 hours later I had my pre approved letter from mrs. MP
I can sincerely say to Everyone who's on the same boat I was that YOUNG PEOPLE in the business don't know what it takes, run from them. Stick with ones that have experience and truly love what they do, not there just to collect at the end of the line !!!
Good luck to everyone that's working on it!!!
Message 9 of 12
lesse
Frequent Contributor

Re: Mortgage happy ending 589 score!!!

congrats!!!!!! soo excting.. if you dont mind i am going to pm you..Smiley Happy

START (FICO): 1/28/2013 EQ: 499 EX: 558 TU: 536
Lender Pull:
UPDATED SCORE 10/2015: EX: 763 TU: 709 EQ: 720


GOAL 800 Across the board
Wallet:Credit One $600; NFCU (secured- Changed to unsecured) $7500; NFCU (Unsecured)$500- increase to $12,500 BOA: $1000 Home Depot/Lowes $800 each Childrens Place $350 Sams Club $800
Garden Time Smiley Happy
Message 10 of 12
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