In the process of purchasing a home but want to improve all FICO scores. Friends are building home and construction is not going to be completed until September. No realtor will be needed, just need to complete a purchase agreement. This will be my first home and it is a great deal! I am approved for USDA RD loan and plan on going that route. Trying to determine if paying off as much debt as possible would be more beneficial or using that money towards down payment and closing costs. My scores currently are TU655, EX635, and EQ630. Have been aproved with Lendor but rates are probably high... What would be the next step to lock the house in at the price of $180k. Also trying to determine the monthy cost since no P&I is needed for this USDA loan. Any thoughts would be great.
