Signed up for the myFICO service in June. Scores at that time were EQ:673; TU:675; EX: 674; the corresponding mortgage scores were 631, 670, 633. In September the FICO 8 scores were EQ:687; TU: 674; EX: 679, with the corresponding mortgage scores of 657, 691, 656. My current FICO 8 scores are EQ:714, TU:709; EX:681, and I am not due to pull another free report until 12/16.
I have a bankruptcy on my report from 2008, discharged in 2009. I was hoping to buy a house by March 2017. I have $80,000 to put down and am looking at a $275,000 purchase price. My credit is not stellar but has been improving over the past months. Most of the forums I have read here state that a mid-score for mortgage of 640 will do the trick. If that is the case then I should be okay if my mortgage scores increase on my December report (anticipating this as my FICO 8 scores have increased, and with my second report from September the mortgage scores increased with a corresponding increase in the FICO 8 score). My mid-score in September was 657, so even if this stays the same I should be okay?
And should I use a mortgage service, go thru the real estate dealer, or some other route? I don't want to have any inquiries on my credit report until I absolutely have to, so don't want to do an on-line pre-approval, even though I am dying to do just that.
Thanks for any advice that may be forthcoming.
