with First Franklin.........

http://creditboards.com/forums/index.php?showtopic=35176

Apr 30 2004, 12:14 PM


As I write this - the agent at First Franklin is getting a pre-approval letter for me (YES - Approval, different than qualify) for up to a $200,000 mortgage!

Of course I don't want to go that high because I know we can't swing that (my paperwork may say so, but I know our real expenses!). We'll be comfortable with 170,000 or so.

Anyway - for those of you who may not know. DH and I just finished a Chap13 BK - discharged in 3/4.

Because of THIS CREDIT FORUM - I learned of First Franklin and got up the nerve to call to see what they could do for us.

The agent was thrilled with my credit scores and since I am the main wage earner in the house he is going to use my scores and he said we qualify for "A" paper loans!!!
He didn't ask me about any current tradelines as a qualifier.

The best 100% finance offer was 80/20 with the 80 at 5.5% and the 20 at 7.625% with one point and NO PMI!!!
This blends to 5.9%

I'm pretty happy with this rate!

Probably the biggest hurdle will be the closing cost money - we will be tight on this.

Thank you all for your guidance and encouragement - I'll keep you posted.
Guess DH and I will be house hunting soon!

-gigagirl

I am looking for a mortgage as well, may I ask what your mid score is?

Click the link LKH provided, its in their siggy.