dredee0

Exactly. Thats what happened to me. My platinum because Quicksilver. now I also have a QuickSilver ONE card. Didnt catch that difference at first

WOW! Love that wording.

Congrats you sought out the credit increase. Even better you are disciplined. Are these the balances on the statements? How consistent are they? What is your income range?

Dont do it. I would NOT go on the loan. Get IN the house, then work to refinance in 12-24 months as your scores get better. My score dropped 100 pts from credit card usage, but that was workable. sub 500 is NOT a utilization issue. Like the previous member said, its MUCH more to that lower score.

Also, check the lenders you currently have relationship with. Ally was wonderful for me.

get your loans OUT of forbearance by doing an income-based repayment plan. Lenders can use a w2 ONLY approval for conventional loan. I have $450k+ in loans. Thats a 4500 month payment. Who can afford that? Also, look for a bank statement loan. Rate might be higher, but it would help to get you in the door.

Another update. My cash to close was higher than I budgeted, so Im taking another route. However, I was approved $172,218. 3% down at 3% interest with Ally Homes, LLC.

IQuick update. I was preapproved for $160k. Extra $506 a month in student loans DEFINITELY hurts. Extra $170 on car note for new car doesnt help. I also know I needed to replace the car and at 28% interest, it was going to hurt worse. Found a couple houses, but the market in Atlanta is so hot. Put three offers in this morning. Once that is approved, I should close around Thanksgiving.

Quick update. I was preapproved for $160k. Extra $506 a month in student loans DEFINITELY hurts. Extra $170 on car note for new car doesnt help. I also know I needed to replace the car and at 28% interest, it was going to hurt worse. Found a couple houses, but the market in Atlanta is so hot. Put three offers in this morning. Once that is approved, I should close around Thanksgiving.

Love this forum!!!

Yes. The report was pulled. One lender said I need 20% down... Have two working on final approval.

Quick update. Hegemony seems to be RIGHT. The issue is the one specific third-party puller. I had Rocket Mortgage pull the credit. Gave me ALL three scores. Will get back with Equifax later, if the lender cant rectify it. He called, but got no one. Had to give him another extension.

Thanks. That is worthwhile information. Thanks for not getting stuck on what happened that created the problem.

Thanks. The first lender I used had another third-party broker.

Thanks. I will ask the broker if there is another step he needs to complete.