Mortgage Loans

[Guyute1916]

Had lender pull credit report today and the scores were as follows 

EFX 631

TRU 625

EXP 568

The only bad things on my credit report is a 90+ from student loan because I thought it was in forebearance and it was not and a collection that I paid 1 week ago. The collection was a paid in full settlement/deletion but it wont send me letter stating as such for 21 days. Will this help raise score to at least 640 middle score. Any help would be great! 

[Blackhawks_girl30]

What do you have in the ways of good credit?  What are you credit card limits vs balances?

[Guyute1916]

1 credit card with 500 limit 200 balance
3 car loans with no missing payments since opening in 2009

[webhopper]

The 3 car loans will hurt your mortgage chances because they carry a fixed payment that is included in your DTI. Are all 3 loans still open; or are some closed? If you were successful in PFD on the collection then you should see a nice boost from the deletion... possibly putting you in the 640 range for a Fha or Usda mortgage.

What is your income and how much are the car payments?

[Guyute1916]

62k a year and the balances are around 635 total

[webhopper]

So you pay 635 per month; or do you only owe $635 total on all the cars?

[Guyute1916]

That is the payments per month