@Anonymous wrote:
HEY GANG
I bit the bullet and bought the Ultimate 3B credit report..... I like the makeup. It seems easy to understand and well thought at. My FICO 8 score are EX: 628, TU 606, EQ 648
Mortgage scores are EX: 591, TU 617, EQ 597.
With scores like this i will never get a mortgage....
my LO suggested that I get some disputes removed, pay off a 800.00 lien and a 300.00 collection acct. Hopefully by do this it will help my mortgage scores.
Any suggestions? Thanks in advance.
Well, that's not necessarily true. My LO can do FHA with a 580 credit score and you can use down payment assistance or gifts if you have a 620 score. My goal was to get my mid up to 620 so I could use a grant for my down payment but it went up higher than that, thankfully... however, all we were waiting on was the 620.
Are you trying to do FHA or conventional? FHA can be better about credit issues. Are those the only bad things on your report? If so, paying off the lien and collection account may help quite a bit. If you dispute the lien after you pay it off, you may get lucky and they'll remove it entirely. You can also ask for a pay for delete on that collection account. My LO didn't seem to care that I had disputes but I'm in UW now and perhaps they'll care. I was pre-approved with open disputes but they were for very obviously inaccurate things so perhaps that is why they didn't care.
