scoring model for mortgage
Here's what concerns me: our credit score isn't so good due to two things. The first is due to a few late fees a few years ago because I was so sick I hospitalized when I got pregnant. The second is due to being close to the max credit amount on our credit cards. Although we paid off all our debt other than a low auto loan, I'm afraid it won't do much since it was recent and that we will get denied. Is there a credit score minimum and specific scoring model USAA uses to approve or deny mortgages? Are there any tips so we can apply and get into a home soon? Thank you!
It used to be that all you had to do was call and you would get sound advice from USAA. Today, they are a different operation, apparently and unfortunately. Find a bank that will communicate with you, honestly. I have not found that with USAA's mortgage processing policies. I am weeks into a mess created by these very folks with a mortgage application. Like I said, find a bank that will communicate with you, honestly. Best luck!
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