I am desperate to own my own house again after many years.
My FICO scores from yesterday: TU 607, EQ 581, EX 725
I currently have high utilization of my credit cards, but expect them to be paid off completely or down to 10% or less in a month or so.
My collections are as follows: (not all of these are showing on all reports)
Midland, balance of $1912, due to age off CR in Sept 09. (I am not touching this one, preferring to let sleeping dogs lie. It is listed as disputed on CRs)
Medical Collection, bal of $2238, very recent. I have sent a proposal for a payment plan to them, waiting for them to accept.
Medical collection, bal of $178, due to age off in March 09.
Medical collection, bal of $967, due to age off in March 09.
Property Management collection, bal of $315. less than a year old. I'm planning on sending a PFD letter as soon as I have the money, in a month or so.
Property Management collection, PIF, due to age off in Oct 09. I've sent a GW letter to see if they can delete.
I am throwing all my money at my credit cards for the next month or so. Christmas is going to be measly little gifts for family, and they better appreciate them!!
I don't have a down payment, but can probably save up a thousand dollars or so by the end of Feb.
My only other debt is my car loan of $112/mo. My student loans are in deferment right now.
My new job will give me a salary of $34320/yr.
What are my chances of getting a home? Any advice?