Established Contributor
rmily
Posts: 670
Registered: ‎07-12-2008
Re: USDA Loan Scenario Can we be approved in 6 months to a year?

Your scores could use a little boost as you probably already realize.  I personally would take care of those medical collections through the HIPAA process sooner rather than later since they're so small and they have to be removed when paid.  You should get a few points and a cleaner report.  They may not be required to be taken care of so if you're really strapped for cash you could ignore them awhile longer..  You should also get the points you need as utilizatin comes down.  I wouldn't worry about paying off the personal loans any faster unless you can't get the purchase price you want and need to improve DTI.  Good luck!  Sounds like you know what you need to do and you're on the right track.