Going in Monday for the FHA Loan

[dadt2011a]

I worked back in Feb with my mortage person regarding building a home.  She pulled my CR and stated the only 2 items of concern were 1) a judgement 2) high util on my cc's. I was 10 points away from being pre-approved, but we went ahead and put $$ down for a custom built home. Our closing date is coming up on June 15 and I'm meeting with her to pull my CR.  My UTIL went from 68% on Revolving down to 21% on Revolving (wish it would be more, but cap1 hasn't updated in 2 months on my CR). My scores for Equifax & Transunions are in the 670's. I hope thats consistant with what she pulls  on Monday.

 I just worry that its too soon to pull. If we have any issues come up, I may not close until the end of June and I'd rather not have my CR pulled again.

I send off my payment for the judgment on Wednesday and I hope to have that turned around by mid-May.

Any questions I should ask the LO?

[ShanetheMortgageMan]

Appears you are moving along on schedule.  If the score hasn't improved enough by now, looks like there will still be time for you to pay down Cap 1 further and for it to report that way.

[guydiver]

If you can get your total revolving utilization down to 19% you should get a score boost, and down to 9% would boost it even more, barring any other negatives.

[Anonymous]

Monday went well. My credit scores were 20 points higher than last time! This is even without Cap1 updating - so I'm estatic. We submitted everything to my LO and its been forwarded to underwriting. LO didn't see anything that would keep us from closing, but we would know in 2 weeks, if there's any issues to knock out.