Hello everyone,
I am trying to find some info on purchasing a home.
Our situation
myself- last time checked scores were over 600. Have not been late or missed any payments so hopefully my score may be a little higher. I have 1 judgement on my report i am still paying (old hospital bill for 6k). i have 4 credit cards and i am an authorized buyer on one of my husbands cards. i recieved all of my credit cards jan-feb 2014.
My husband- equifax score today shows 644. his others were checked begining of may and were 619, 633. He has a old bank of america account from 2 years ago. closed and had 3 late payments but as i kept writing and disputing those- they finally came off his report. He also has a capital one card he just got in late april.
We really want to buy our own house. We like a few houses now and would only be paying a extra $28 a month (opposed to the rent we pay now). We have $5k for a down payment which is a gift. (the houses we are looking at are between 150-175k. Within the next few months we hope to have another $3k saved for down payment.
We are looking for any advise or steps to take which would help us get into a house faster. We are also thinking about just my husband applying for the mortgage considering i have the judgement on my report.
Thank you very much-