Good Evening to all....
So...DH recently app'd for a mortgage w/ Wells Fargo (denied, but we kinda knew that was coming). He was told that he naeeded to pay the 5 accounts that are charged off/in collections (no public records). He was also told that he would need to open 2 more trade lines. He currently only has a auto Loan (with Wells Fargo) that is open. Thats his only trade line open. His current scores are EQ 608, TU 598, and EX 567. He currently app'd for loan to pay baddies @ his CU. They turned him down, stating that he had to pay the baddies first. We have to get the denial letter before we can try to recon. My question is(also venting) how in the heck are we supposed to make any progress if no one is willing to help us? He tried Prosper, but their scoring system put him below 520 which is their minimum.He's getting the BOA 99/500 card. but other than that, everyone says no. I know that everything works for the best, but sometimes I feel so discouraged, like there is no light at the end of the tunnel.
Note: the sames ccc's that turned him down gave me credit and my scores are lower than his (EQ 517, TU 574, and EX 469) and I have more baddies than he does(inc. 2 public records)...what gives?????
We found a cute little house that we really love. Its in our price range, and its in a revitalization zone, so we would be eligable for a no interest 2nd mortgage, and a defered loan for repairs that is forgiven after 15 yrs. PITI would be under $1000. Broker @ WF said that if DH could get a loan to cover the baddies, we would be set. So, is there any other lenders that might be able to help?
Any advice that is offered would be most helpfull. We have made quite a bit of progress since I found myfico, and to you all I am most greatfull!!!!!