critics my mortgage score plz

[Anonymous]

so out of curiosity, i purchased the new scoring system on myfico. here is my quick background EQ with no collection, TU/EX with 2 medical paid collections coming off end of this year. INQ: TU 2 EQ 5 AAoA: 1 yrs 11 months utilization at 5% myfico 08 EQ: 703 TU: 650 EX: 647 the new mortgage scores EQ: 681, i am not quite sure why it's lower with no collection EX: 698, higher than EQ but have closed collection TU: not available will i be ready for a conventional mortgage this summer?

[Anonymous]

sorry for the long paragraph, it wont let me start a new paragraph no matter how i edited

[takeshi74]

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@Anonymous wrote:
the new mortgage scores EQ: 681, i am not quite sure why it's lower with no collection

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It's a different scoring model and it weighs factors differently than the FICO 8 models.

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@Anonymous wrote:
not available will i be ready for a conventional mortgage this summer?

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You'd have to confirm with your mortgage lender to see what they're looking for.

[Anonymous]

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@takeshi74 wrote:

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@Anonymous wrote:
the new mortgage scores EQ: 681, i am not quite sure why it's lower with no collection

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It's a different scoring model and it weighs factors differently than the FICO 8 models.

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@Anonymous wrote:
not available will i be ready for a conventional mortgage this summer?

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You'd have to confirm with your mortgage lender to see what they're looking for.

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+1

[Anonymous]

Talk to the lender you intend to use about a pre-approval. Underwriters at different lenders sometimes look at different things.