Thanks to the efforts of Fla-Tan, I have my home loan. I was pre-approved for a FHA home loan with 5% down and an APR of 8%. This was a pleasant surprise on my fax machine when I got home from working the dreaded dog shift, 6pm-6am on Friday morning. We were working towards a nonconforming loan just to get me in the playing field but when the mortgage company looked at my credit reports, they determined that I had over 12 months of perfect credit and they gave me the preapproval. So now, I'm doing the NMPRD (No More Paying Rent Dance)
CONGRATULATIONS!!!! FLA-TAN is the best! He answered several questions for me. I hope to be announcing my preapproval soon too. Take care!
What were the worst derogs you had and how old were they? How long did it take your company to approve you? Just put in my paperwork on Friday, eeek!
Tsaul I was just the conduit. You were the person who did the hard work and you deserve the credit. fla-tan
According to the bank, my mortgage scores were in the mid to upper 500's. My highest score that I pulled myself was the 600 on Experian. The mortgage company also told me that I didn't have any lates for over 12 months, which is why they wanted to go FHA.
