alwayssunday wrote:
My average score from all 3 reporting agencies is 616. I have my income to debt ratio is 7%. I have a small down payment. Where should I look for loans?
Thank you.
Your average score is irrelevant. You need to know what your middle score is and they have to be FICO scores. If you scores are 700,600 and 550, it will be the 600 score, not the average of the three (coincidentally 616)
Plus, to provide better guidance, you should look at the post Shane put in the sticky section that has a lot more questions such as, income, purchase price, ect ect.. you haven't provided enough information for anyone to really help you
-scott
Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander ReposessionStill Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Starting Score:EQ 534Starting Score:EX 560Starting Score:TU 540
