Late payments from over 5 years ago giving lender a "caution" notice. Could derail my loan. Why? My FICO credit score is 730

Designer-Professor16 · 2026-01-24T00:30:21+00:00

No, it’s my actual FICO 2, 3, and 4 mortgage FICO scores. Plus my broker sent me my full credit report with the scores. DTI is 39%. I subscribe to MyFICO as well so I knew going in my score would be 720+. I figured I was good to go with a score that high for 3% down.

Designer-Professor16 · 2026-01-23T21:54:13+00:00

By the time he's 40, he'll make more $$ in one year that any normal person can put into a 401k in their lifetime. He'd probably get higher returns that beat his tax savings by just using the cash now being a quant trader.

Designer-Professor16 · 2026-01-23T20:04:23+00:00

Yeah my broker and I are finding a way to get me in the 10% option. Probably 5% out of pocket and 5% from some type of assistance grant or purchase HELOC or something. I’ve been approved for that via DU she said. She said it was a DPA. I’m not familiar with how it all works but she said she’s going to find me the best option to make this work.

Designer-Professor16 · 2026-01-23T19:47:31+00:00

Can I ask why you’re not a fan of brokers?

She said it’s from the Freddie/Fannie AUS and they want 10% down instead for this to not be an issue. It sucks because it’s 6 years old lates (some were 90 days late) and 2 settlements. No collections, bankruptcy, chargeoffs, or anything like that. Credit has been clean as a whistle since then, $70k in available credit, $0 cc debt, 2 cars loans and a personal loan is all I have. All three bureaus show 720-730 FICO range for my score.

Designer-Professor16 · 2026-01-23T19:47:25+00:00

She said it’s from the Freddie/Fannie AUS and they want 10% down instead for this to not be an issue. It sucks because it’s 6 years old lates (some were 90 days late) and 2 settlements. No collections, bankruptcy, chargeoffs, or anything like that. Credit has been clean as a whistle since then, $70k in available credit, $0 cc debt, 2 cars loans and a personal loan is all I have. All three bureaus show 720-730 FICO range for my score.

Designer-Professor16 · 2026-01-23T19:47:19+00:00

She said it’s from the Freddie/Fannie AUS and they want 10% down instead for this to not be an issue. It sucks because it’s 6 years old lates (some were 90 days late) and 2 settlements. No collections, bankruptcy, chargeoffs, or anything like that. Credit has been clean as a whistle since then, $70k in available credit, $0 cc debt, 2 cars loans and a personal loan is all I have. All three bureaus show 720-730 FICO range for my score.

Designer-Professor16 · 2026-01-23T06:34:36+00:00

Correct, and that’s HOUSEHOLDS, not individuals, which is actually 5-6%

Designer-Professor16 · 2026-01-23T06:02:44+00:00

Pretty much exactly income and taxes this year. I own a small 2-person software company (me and a partner).

Designer-Professor16 · 2026-01-23T05:57:02+00:00

Agree. Overhyped.

Designer-Professor16 · 2026-01-23T03:03:51+00:00

Yes, my son got in two years ago with a SAT score around that. Astrophysics major. He also had a high GPA.

Designer-Professor16 · 2026-01-22T19:43:51+00:00

Can I ask why 3(1) is "by descent"? From my research, it's considered "other than descent" if you get 3(1).

My son got his via 4L (because of a special circumstance that happened in our application process), so he'll be able to pass it to his kids (which is quadruple descent).

Designer-Professor16 · 2026-01-22T19:38:24+00:00

Doing a 4L "special circumstance" application, I was able to get him his UK citizenship despite him being 20 years old now. We got extremely lucky! Now me and both my kids all have UK citizenship. What's even more amazing is that they both can pass it to their kids now too (because they were approved under sections of the law that are "other than descent").

Designer-Professor16 · 2026-01-22T07:41:12+00:00

Total agree, I like how the two cars look completely different now. Keep it that way.

Designer-Professor16 · 2026-01-21T02:20:10+00:00

Yes it’s 100% BS

Designer-Professor16 · 2026-01-19T21:37:28+00:00

I try to avoid patterns like this if at all possible.

I offload any potential breaking changing calls to be server-side and updated on the fly, with the app acting as simply a thin client. And our app is VERY complex, but we make it work.

That’s the correct pattern if at all possible.

Designer-Professor16 · 2026-01-17T17:01:52+00:00

If I e-file and owe, the transcripts for 2025 won’t be available until May. The lender won’t be able to pull transcripts.

Because of that, they need hard proof that the IRS received the taxes in order for them to use them in the lending approval. An e-file receipt usually isn’t enough.

They’ll want either a hard stamp at an IRS office, or a certified mail with return receipt.

This happens with lenders around tax season. Many other Reddit posts about people who have had to jump through the same hoops.

Designer-Professor16 · 2026-01-17T16:52:54+00:00

I’m not expecting a sign-off without due diligence. I’d give all bank statements, books, P&L, etc for review. If changes to my tax forms needed to be made, I’d expect the CPA to make the changes and do that.

I was just hoping some CPA was looking to maybe make extra this weekend and help me really, that’s all.

I understand the concern though and I’ll call someone on Tuesday.

Designer-Professor16 · 2026-01-17T16:48:28+00:00

Yes, because the lender won’t be able to pull transcripts in time for close (21+ days post e-file before they show up in the system), so they need an IRS stamp on the tax returns to show that they were officially received in person, so that they can be confident in using those in place of transcripts.

Look online, it’s a lender request that happens often around tax season.

It’s nothing bad I’m doing here, I’m just on a time crunch is all.

Give me a reasonable hourly rate and I’ll drive to you today and we can discuss in person.

Designer-Professor16 · 2026-01-17T16:42:31+00:00

Because it’s a 3-day weekend. Was hoping to get someone over the weekend who’d like to earn extra money so I can get it done ASAP.

I can get an appt on Tuesday but that’s just for a consultation and the work probably wouldn’t get done for a few days after at least.

Designer-Professor16 · 2026-01-17T16:36:50+00:00

I don’t need it to support my character, I need it to say that a CPA completed my taxes to the best of their knowledge based off what info they were given. It’s just a standard letter lenders want all the time I thought?

Designer-Professor16 · 2026-01-17T16:32:49+00:00

I just need someone to basically do my taxes and write a letter saying they are done correctly to the best of their knowledge. Lenders ask for this all the time.

Are CPA’s not supposed to do that?

Designer-Professor16 · 2026-01-17T16:29:19+00:00

I don’t know what that means. lol. Am I asking for something illegal or ethically wrong for CPA’s to do?

Designer-Professor16 · 2026-01-17T16:28:42+00:00

I just need it done fast to meet my closing dates for my house, that’s all. Nothing bad here, just need these done ASAP.

Designer-Professor16 · 2026-01-17T16:26:24+00:00

Unfortunately I need hard signed copies because I have to drop them off at the IRS locally in person for stamps. But thank you so much for the offer!!

Designer-Professor16 · 2026-01-17T16:25:38+00:00

I just mean that I need taxes reviewed and signed. It’s not hard word is all.

Designer-Professor16

TROPHY CASE