Looking to refinance/rehab our house thru an FHA 203K, latest scores are 591/633/???
Would like to get this approved some time during the spring/summer.. Here are my problems:
1. High utlization, currently around 66% (24K/ 36K limits) and dropping by about 2% each month..
2. A ton of lates, mid 2006 ,on everything, mortgage, CC's, auto... 30, 60 and 90 day lates due to a job loss..
3. Goofed in Jan, Feb, Mar 2010 and ended up with lates on 3 cards, I was doing bills and my husband took over, he didn't know about the 3 cards on paperless.. 2 cards have 3 30's, 1 card has 1 30 and 2 60's...
Can I expect a bump after March 2011 when I have no lates in 1 year? Staying the course, can I hit 640 as a mid by summer???
Would think Transunion (633 2 months ago) would not be a problem, obviously no idea what EX is.. EQ (thru Scorewatch) hasn't budged in 3 months..
