I'm so new to the home buying process, so here goes!!!
I'll have 5% saved for a home (152,000) by December. Also, I'll have 2 late pays deleted from my credit history (both in 12/05). Currently I have 672, 677 and 689 scores (hopefully going up with late-pay removals). No collections and 1 late pay left on report. DTI ratio 0% by December with 2 open credit cards and only a car loan with less than $7500 remaining.. Same employment for 7 years with a 10 year credit history.
Anyone with FHA experience, what do my chances look like? Any advice for more preparation would be greatly appreciated!!!
Thanks,
Starting Score: 652 EQ/651 EX/651 TU (7-12)
If your middle score is above 680 after the late pays go away you should consider a conventional mortgage with 5% down; as they are cheaper in the long run since you aren't paying a monthly Fha fee.
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Chances look good but webhopper does have a good point. Goodluck.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.