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Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by shoelessjoe 
on 2/7/19 at 10:08 pm
on 2/7/19 at 10:08 pm
0
0Trying to get a construction loan but can’t get approved. What are we overlooking?
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by AUCE05 
on 2/7/19 at 10:16 pm to shoelessjoe
on 2/7/19 at 10:16 pm to shoelessjoeDebt? Low income?
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by ItzMe1972 
on 2/7/19 at 11:07 pm to shoelessjoe
on 2/7/19 at 11:07 pm to shoelessjoeDid they say why no loan?
Have you shopped around?
Have you shopped around?
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by LSUFanHouston on 2/7/19 at 11:26 pm to shoelessjoe
on 2/7/19 at 11:26 pm to shoelessjoeare your ratios out of whack?
Trouble proving income?
Credit score is important but not the only factor in mortgage underwriting
Trouble proving income?
Credit score is important but not the only factor in mortgage underwriting
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by baldona 
on 2/8/19 at 6:03 am to shoelessjoe
on 2/8/19 at 6:03 am to shoelessjoeYou realize you are leaving out details right op? My credit score is over 800 but I can’t get a loan for $10 mil.
Your income and downpayment in the least are missing.
Your income and downpayment in the least are missing.
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by bubbz 
on 2/8/19 at 6:14 am to shoelessjoe
on 2/8/19 at 6:14 am to shoelessjoeCredit score is just that....a score. It is not the only factor when getting approved for the loan.
This post was edited on 2/8 at 6:14 am
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by kywildcatfanone 
on 2/8/19 at 6:26 am to shoelessjoe
on 2/8/19 at 6:26 am to shoelessjoeYou're doing it wrong. Those scores shouldn't affect you unless you have a ton of debt.
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by Upperdecker on 2/8/19 at 7:54 am to shoelessjoe
on 2/8/19 at 7:54 am to shoelessjoeCredick score
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by Tiger Prawn on 2/8/19 at 9:53 am to shoelessjoe
on 2/8/19 at 9:53 am to shoelessjoequote:Did you have a foreclosure or bankruptcy in the past few years? Or maybe debt to income ratios are out of whack.
What are we overlooking?
Whats your total household income? And whats your current monthly debts (any loans and minimum monthly payment amounts on credit card statements)? Your monthly debt payments (including the new construction loan you're trying to get) can usually only be around 40-45% of your monthly income.
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re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by EveryoneGetsATrophy on 2/8/19 at 10:27 am to shoelessjoe
on 2/8/19 at 10:27 am to shoelessjoeAsk the company that denied you.
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by Warfarer on 2/8/19 at 10:47 am to shoelessjoe
on 2/8/19 at 10:47 am to shoelessjoequote:
Trying to get a construction loan but can’t get approved. What are we overlooking?
my guess is debt to income is too large for what you are trying to get. You can have a high credit score with a large DTI ratio as long as you make all your payments on time. It is just hard to get more credit at that point.
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by TDsngumbo on 2/8/19 at 10:49 am to shoelessjoe
on 2/8/19 at 10:49 am to shoelessjoeDo you use credik or debik for most things?
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by HailToTheChiz on 2/8/19 at 12:18 pm to AUCE05
on 2/8/19 at 12:18 pm to AUCE05
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by hawkeye007 on 2/8/19 at 12:43 pm to shoelessjoe
on 2/8/19 at 12:43 pm to shoelessjoeas a mortgage loan officer your missing alot of info. Construction loans have strict DTI guidelines and reserve requirements . If you trying to act as your own contractor there is another whole set of requirements. You need to ask these questions to the loan officer your applied with.
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by shoelessjoe on 2/8/19 at 6:19 pm to Warfarer
on 2/8/19 at 6:19 pm to WarfarerWe were approved for well over the amount needed. At the last minute we were told that my wife’s student loans were the issue. Trying to get it resolved but is frustrating.
Back in 2013 her student loans were sold to another company with no notice so it did cause an issue then but she has been on time since with no late payments. I could pay her student loans off now and be done with it but that may not fix the issue.
Back in 2013 her student loans were sold to another company with no notice so it did cause an issue then but she has been on time since with no late payments. I could pay her student loans off now and be done with it but that may not fix the issue.
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by LSUFanHouston on 2/9/19 at 10:16 am to shoelessjoe
on 2/9/19 at 10:16 am to shoelessjoequote:
Back in 2013 her student loans were sold to another company with no notice so it did cause an issue then but she has been on time since with no late payments.
May require manual underwriting depending on how bad the lates were. Try another bank.
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by The Spleen 
on 2/9/19 at 11:04 am to LSUFanHouston
on 2/9/19 at 11:04 am to LSUFanHoustonYeah if it's been 3 years I would think there's a bank out there that would excuse it.
re: Wife has a credit score of 750 and mine is 710. Can’t get a loanPosted by Jag_Warrior 
on 2/9/19 at 2:47 pm to baldona
on 2/9/19 at 2:47 pm to baldonaquote:
You realize you are leaving out details right op? My credit score is over 800 but I can’t get a loan for $10 mil.
Oh, why must we harp on minor details?
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