I know that you all can offer advice for me to get my credit file in the optimal position to start my house shopping mission again. The scores in my signature are up to date and pretty close to the mortgage pulls. My plan was to pay all credit cards off and try to get the NavCheck balance below $750. But the NavCheck reports as a line of credit on TU....not sure if that makes a difference. I also thought about trying to send more GW letters to my baddies; they haven't budged!!
Here is a snapshot of my current file.
Baddies
Cap1 Charge-Off 2009 $0
HSBC Charge-Off 2009 $0
FCO Paid Collection 2011
FCO Paid Collection 2012
* One additional paid baddie reporting to each CRA (Midland-TU, Portfolio-EQ, and Nationwide-EX)
Installment
95k Student Loans- deferred; never late
12k Auto Loan- never late
4k Personal loan- never late
Revolving- No lates
4k/7.5k NavCheck
1k/NPSL Amex PRG should be backdated to 94 when it reports
1k/5k Amex BCE 750/5k as of 3/1/13
500/1k QS Visa PIF 3/1/13 into SD for 3 months min.
300/500 Barclays MC
200/400 Macy's PIF 3/1/13 into SD for 3 montsh min.
0/200 Target
0/300 VS (30-day late in 2011)
0/750 QS MC
0/20k NFCU Visa
A few more closed accounts with good history. An auto loan with several lates from 2009---does this matter at all now?
sorry this is so much...I was about to post it in the rebuild thread. I look forward to hearing any responses. BTW, I am looking to move in DE and I don't think I will qualify for USDA. So my options are DE Bond program, FHA, or Conventional.
Thanks in advance!
012019 Fico8/Mortgage Score: 
@DallasLoanGuy wrote:as long as those installment loans arent brand new, you should be good for conventional.
better score = better deal.... so paying down that revolving should help that.
looks good
@Anonymous @Anonymous!
@ShanetheMortgageMan wrote:Your credit history & credit scores look fine.
Thanks Shane. I also have a few questions about timing and some of the programs; I will find out what I am eligible for and repost after talking a bit more with the mortgage broker. Delaware Bond, Conventional, or FHA...those were the options he provided. So, the idea is to just get the credit score as high as possible....and worry about paying off the debt not on the report before I close. This is so stressful.
Thanks again! I will pay those off and start saving for my downpayment. My broker suggested a minimum down payment of 5% around 12k for a $240k mortgage loan.
I will post again with updates. I am also working on getting the old charge-offs removed via goodwill letters.
@DallasLoanGuy wrote:as long as those installment loans arent brand new, you should be good for conventional.
better score = better deal.... so paying down that revolving should help that.
looks good
The personal loan was opened 10/13 and the auto loan was refinanced through NFCU 2/14...the original auto loan was over 2 years old before refi. The new auto loan has not reported yet....
Your scores would improve by BT all your revolving to your NFCU card (likely save on interest as well ) that would leave only one revolving account showing a balance. Will Navy allow a BT of navcheck ?
@TheGardner wrote:Your scores would improve by BT all your revolving to your NFCU card (likely save on interest as well ) that would leave only one revolving account showing a balance. Will Navy allow a BT of navcheck ?
I don't think so...I was going to try it while they were running the 2.9% for all balance transfers. I am thinking about going into the branch to ask though....The Amex BCE has 0% interest for a while too, but I wanted to put any balances on my highest CL.