Just to update on this......
My husband's credit turned out not to be an issue but it did cause us some problems along the way. I still had to explain his collections. In the end, the lender says the underwriter has signed off on my file pending completion of the appraisal. We are expecting that tomorrow.
Starting scores 2/27/12 TU 605 EX 576 EQ 560
Current scores lender pull 9/6/12 TU 663 EX 629 EQ 645
Closed on our first home 10/26/2012!
