No. of Recommendations: 0
I posted to the credit board without much response, so I will try here. My husband and I have several collection accounts that are four years old. Our FICO's are from 600-640. We have our credit cards from the last four years paid off, and we have two car loans which are in good standing. We recently moved with his new job, and the company will pay for up to $3000 of closing costs (using Citibank or Wells Fargo within the next few months). We have enough to put %10 on a modest home with a little left over to pay remaing closing costs. Is there any hope that we will get a home loan?
Print the post  

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement