I co-sign for a home loan with a relative back in 2000 but did not live on the property. Everything went well but she fell on a hard time last year and missed a few months of payments. Of course I wasn't aware of it and hit me with 30 day and 90 day which dropped my score from mid 700 to TU-654 and EQ-716. Last late was reported in Sept '12 and the loan is paid in full now. I sent a GW 2 weeks ago to lender explaining my situation and asking if they can delete or update the report (No reply so far).
And now, I'm thinking about getting a mortgage myself so I did a lot of reading in this forum and found out that most lenders requires 12 month of clean history. I'm worried that these lates will prevent me from getting a mortgage soon. I'm a veteran and can either go VA or FHA. I always pay my bills on time and never had any lates.
I makes $90K and have no debt except $1100 in rent and I have $100K in liquid cash sitting in High Yield savings available for down payment. Should I even bother to apply or wait until I have 12 month of clean history? BTW..lesson learned about co-signing a loan..never gain 
I agree with the no more cosigning, but we live and learn. What route are you trying to go with the mortgage? FHA? Conventional?
Starting Score: 504
Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
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