Ok, so a while back I talked to a lender who said my score was high enough (at the time 641) but the only problem was that I only had one score! So at the very beginning of Dec. 2012 I got a US bank secured credit card. From what I have researched they report to all three credit bureaus. Here it is Jan. and I am due May 5th. I was hoping to be in our new house before May. Here's a list of my recent credit score and job info etc. just things that I am hoping will help me out...
credit score has gone up every month now at 672
I had a collections account from an old medical bill, but it is so old it is not hurting me so much anymore (it's 5 years old)
the only debt I have is my car which has been reported pay as agreed (another reason my score keeps climbing)
The Us bank card has already started reporting. I have not maxed it out and plan to just use around half and pay it off every month.
I have been at my job for a year and a half
by the time we apply for the loan we will have a few thousand in the savings
the home we are wanting is around 30,000 (a fixer upper) or any home we get we where wanting to fix up ourselves and don't really want to go over 80,000
Hubby is on the card also but has not so good credit from school loans and medical bills, so we were just going to go off of my credit. I don't know if they will even take his income into consideration. He has been at his current job for two years. I make about 28,000 a year and hubby makes about the same. I will probably have to work till the last minute with this pregnancy, but I do get 60 percent of my pay for 6 weeks plus my vacation time to take off.
So all you lenders out there, how does my situation look? Does it seem feasable to get a mortgage in a couple months or less?
may I also add it's a single family home in the country, its in southern ky.
