Posted on: 31st Jul, 2012 03:31 am
Hello… my loan officer over my app to underwriting 2 days ago on a house my fiancé and I picked out. My scores are not the best and recently dropped because I had to be removed off of a cc that I was authorized on in order to qualify for FHA. We are waiting to hear back but the stress is killing me right now......worried about old $500 medical collection from CFC ( not old enough to drop off). First home jitters, I guess.
Negative items will definitely be an issue in order to get a loan. But you shouldn't get disheartened or stressed. Let the underwriting process get completed so that you know the decision of underwriter. This will help you take the next step.
Welcome kirri,
I agree with what Niicss has said. You should keep in touch with the lender in order to find out the underwriter's opinion about your loan.
I agree with what Niicss has said. You should keep in touch with the lender in order to find out the underwriter's opinion about your loan.