Re: Wondering where to start
09-28-2012 06:38 PM
I would PFD the collections that are showing on CRA's, in which I think will give your FICO a healthy boost. It depends on what the minimum Middle Score the Mortgage Broker or Lender will require. I went with a Mortgage Broker and my Middle Fico Score had to be 640. I printed out my CRA's and I let the MB look over my report prior to her pulling my Credit Report. I didnt have a lot of money saved up, after paying off the debt and getting on the right track I went with USDA Gauranteed. I paid O$ down payment and the Sellers covered most of my Closing Cost. When it was all said and done I was out of approximately $600.00 out of pocket. Also, ask to see if your Closing cost can be rolled into the Loan. I think Home Ownership is just around the corner.
Fako October 2012: TU 706, EX 641,