shadowz

I was denied the Plat Prestige card. They did not pull any credit reports. The denial reason said it was due to past or present delinquencies with them. The strange part is I have had their regular Platinum card for a few years now, never delinquent or late. I may have had a CO with them over a decade ago but I am not certain. Oh well, I was approved for AmEx True Earnings, Citi Diamond Preferred, and HSBC GM Card. I already had another Citi card, Cap One and a store card. At least I did not get the triple inquiry hit. I do not have any negatives on my credit reports.

Anyone know if USDA Guaranteed is currently issuing conditional commitments on new RD loans?

I think it may just be a mix up in terms. Before the broker said $6600 as closing costs, but apparently that did NOT include insurance and interest/prepaids. On the lower loan amount the broker verbally gave total closing costs of $6400 but this time I know that DOES includ insurance and interest/prepaids That you very much. Those forms are not buyer friendly.

We were looking at a GFE The loan would be a USDA RD Guaranteed. It was at $139,700 at 4.25% rate (bought down from 4.5) with 750 credit scores This is in Michigan The GFE only shows adjusted origination charges of 3287.25 with no breakdown. The Truth in Lending statement shows this: Loan Amount 139,725 minus Prepaid finance charge $9583.86 = Amount financed $130141 (no idea how this came about, seller was paying 6% or $8100 though if that matters) 801 Origination Charge $2687 801a Loan Fee @ 1% $1397.25 801c Processing Fee $595 801d Underwriting Fee $695 Origination charge includes 801f Discount Point $600 1010 Aggregate Analysis Adjustment $928.00 Next page shows Estimated prepaid items = 2056.61 Estimated closing costs = 6660.45 (there's more to it like title insurance, etc, I just cut to these parts) I am having trouble understanding all of that. The GFE and TIL do not seem to be addressing the same things. Can you help me understand it and if it is high? I need to re-evaluate it in light of potential changes to the agreement where the seller is no longer paying closing costs. We may be renegotiating down to $103,500 purchase price, which would be back at 4.5% since no paid down points. If so, it has been estimated at $6421 total closing costs. This sounds odd compared to the prior numbers.

We were going through the process for a RD loan at $135k with the seller paying 6% concessions. The house appraised at a market value of $100k.(a replacement value of $125k) The appraiser was a HUD roster appraiser. Will the seller be stuck with this appraisal for 4 months (120 days) for any government loan? FHA/USDA/VA etc? I do not think they will drop to the appraised price - it is held in a trust and paid for. The home is perfect, as it only had a 90 year old in it for a short time. I know the appraisal is supposed to be in our interest. I think we may be walking, sadly.

Loan will be in wife's name. Husband was employed for 5 months of 2009. Unemployed since. Unemployment runs out in approximately December 2010 for good, depending on weeks claimed vs. more self employment income. Husband has had some sporadic self employment income over the past 5 months. No taxes have been taken out yet. It may be approx. $2k gross income from self-employment. How should someone fill out the RD income disclosure for the husband?

I was reviewing the latest bills: http://thomas.loc.gov/home/approp/app11.html Do you interpret that to mean the USDA Rural Development program will now have funding to operate all programs through December? (IF THE PRESIDENT SIGNS) I am referring to this one: Continuing Resolution through 12/3/10 S. Amend. to H3081 I'm not sure how to interpret that but I am certainly hoping it means we can get our Guaranteed loan app in and through.

My broker was trying to confirm funds would be available with USDA RD Guaranteed. He conference called the local USDA office who told him they could issue conditional commitments today, but not tomorrow. As of Oct. 1, it is the new fiscal year and they have no guidance and no idea when they can begin issuing commitments again. They are waiting to hear from the national office. I am extremely worried right now. We just signed the purchase agreement. Under the terms, we only have 45 day to close. I have no clue how this works with the broker/lender/USDA office. I am worried that our loan application will be declined until they know what is going on. Anyone have any insight? Suggestions? Thank you in advance.

Formally applying for the USDA RD Guaranteed loan today. Broker is requiring the appraisal fee to be paid. In our purchase agreement, seller is paying up to $8000 in prepaids and closing costs. 1. Will we get the appraisal fee back at closing? What about the inspection fee? 2. USDA RD Guaranteed funds are definitely available again correct? We are in Michigan.

We are going to go through with a USDA RD Guaranteed loan in Michigan. Our offer was accepted. I need to set up an inspection. Does the USDA RD Guaranteed even require an inspection? (We will get one no matter what) If so, does it require the inspector be approved or certified in any way? I know they dictate the appraisal, etc. but I need some quick info about the inspection. I can't reach my broker.

We are looking at a house built in 1996 with public water but with a septic system. The septic tank was pumped in 2008 and has not been used since. Is a septic inspection required? Are these expensive?

How long is the USDA RD Guaranteed Loan taking now from app to close? This is of course a general estimate assuming no major hangups in the process.

Is there any real difference when applying for this loan using a broker vs. using a bank on the approved lender list? Will the broker cost us more money due to the added middle man? Are there benefits to using a broker vs. dealing directly with a bank on the approved lender list? Scenario - We are planning to make an offer in my wife's name. Based on our approval numbers with a broker last spring, we should be in good shape. An issue could be the house does not appraise for our offer and has to be renegotiated though.

Lets use a Citibank mastercard as an example. Suppose you want to pay a bill of some type, like a student loan payment/payoff or cable bill, using the card as a credit card through the standard payment system. Is there any way this could ever be considered a cash advance by the card issuer (which has high fees/interest)? I have a nice 0 percent promo period and I want to pay something off and save many months in interest.

My TU FICO is 737. I have 1 Cap One acct at 4k of 5k utilization (bus. start-up expense), a Kohls card that is like 300/500. Both with 2.5 years perfect history. I have a closed HSBC card that still showed a small $79 balance although I paid it in full and closed it - I just now disputed this. Other than that, I have student loan accounts with 10-12 years of perfect history. I just received a Citi card but it has yet to report. I was denied a Chase Freedom card due to: Balance on one or more revolving accounts over the limit (Untrue, but maybe the HSBC looks like it?) Too many accounts with high balances. (I know Cap One is high, but are my student loans hurting me too?) Should I write to the address on the letter? Is it better to call a certain number? I would prefer to write unless the address on the letter is a dead end.