Established Contributor
westo12
Posts: 584
Registered: ‎07-20-2008
Would I qualify for a mortgage?
[ Edited ]

Credit.  Scores TU627, EQ634, EX605 – No plans to app until 04/13, when most recent late hits 1 yr mark.  Plan in meantime is to pay down debt (approx 62% util) to increase scores, as well as have some derogs removed.

 

Positives-Never Lates
Type / Opened / Bal / Limit / Util

CC - 06/2008 - $2689 / $3000 / 89%

CC - 10/2008 - $620 / $809/ 76%

CC - 06/2009 - $10 / $320 / 1%

CC - 11/2010 - $6 / $300 / 2%

CC - 05/2012 - $0 / $300 / 0%

CC - 09/2012 - $0 / $500 / 0%

CC - 09/2012 - $0 / $200 / 0%

Loan - 05/2012 - $2936 / $3103 / 94%

Loan - 06/2008 - $6k - closed/never late/pd in full

CC - 10/2008 - $0 closed/never late/pd in full

CC - 06/2008 - $0 closed/never late/pd in full

CC - 10/2008- $0 closed/never late/pd in full

Loan - 05/2003 - $1k - closed/never late/pd in full

 

Negatives

  

Late Payments

Santander Auto Loan – Opened 04/2010 Bal $13780 – Five (5) 30 day lates in 2 yrs, 03/12, 11/11, 10/11, 9/11, 6/11.  Reporting Current/Paying as agreed now.

 

KDs

Paid Collection –$300 – Date added 09/11 - PFD accepted/removed est 10/18/12

Paid Collection – $300 – Date added 02/11 - PFD accepted to be removed 10/18/12

Unpaid Collection – Utilities- $331 Send PFD. Date added 02/11

Unpaid Collection – Medical $312 – Date added 09/10

Unpaid Collection – Utilities $195 – Send pfd – Date added 08/10

Unpaid Collection – Medical $260 – Send PFD Date added 04/07

Paid Chargeoff - $0 – DOFD 12/06

Unpaid Chargeoff - $0 - DOFD 01/06

 

 

  1. Income.  Currently Approx $67k
  2. Source of income.  Employment/Hourly + Court ordered child support, will get for 2 more years.
  3. Monthly debt payments.  Currently is $580 (Goal is $500 at app time)
  4. Employment W-2, Full time, currrently employed 3 years.
  5. Assets/Reserves.  Savings/IRA $12k
  6. Location.  California, Alameda County.
  7. Property.  Single family house/Good condition
  8. Value.  $225k-$275k.
  9. Occupancy.  Primary residence
  10. Transaction Type.  Purchase/Most likely FHA or FHA 203K
2014 Starting-618, current TU621 (TU 10/20) / Ending Goal score: 720 / 30 Positive TLs / 1 Negative: Unpaid $312 med CA placed 2010 / reported Install Bal/Lim: 25027/36512 | reported Revolving Bal/Lim: 11169/27232=41%util

**IN the garden until I get some auto CLI's on major accts**