Advice on my next move......

[Anonymous]

Hi friends. So I've been in the rebuilding process, and am wondering if I can get some advice on qualifying for an FHA loan.

My scores are currently:

EX 662

TU 616

EQ 623

I have 1 collection that is currently being paid on. Will be paid off on 12/1/17.

My husband (if I put him on the loan) scores are:

EX 591

TU 595

EQ 560

He has 2 collection accounts I am trying to get taken care of and was just approved for a Capital One Unsecured card.

I would like to try to prequalify in March or April? Or should I wait? Would I have a better change on approval by myself?  Any advice on what to do to meet that goal would be appreciated.

[RobertEG]

Some criteria for FHA qualification are set under FHA regulations, while others are discretionary on the part of the actual lendor.

I would begin by reviewing the published FHA qualification criteria, and then having a consultation with an actual, prospective lendor for their detailed requirements.