I am so ready to purchase, here is my info, looking to see if anyone can give any hints as to how much of a bump my score will get:
Mortgage Scores: 612; 574, 608
I have 4 collections on my report that I just did a PFD on 06/25- waiting for deletions these are my last baddies
Car payment: $715 ( 2 years left)
100% payment history
CC: Visa- 0/$300; VISA: 0/1000; VISA: 2000/7500
Just paid off student loan- they said it would report within 2 weeks
Questions: How much of a boost do you think I will get by having those collections removed and reducing my utilization as stated above?
I want to go conventional- 5% down ( I live in California)
Confirming limit is $510 which is fine
Any insight would be appreciated...waiting for report scores to update is pure hell
To give you an idea, I had 1 paid collection from 2019 that was able to get it removed from my CRs. My mortgage scores went from 698,702,720 to 724,726,743.
If you can also pay down the 2000/7500 VISA so it's less than 10% utilization you'll see another bump in scores I bet.
Still no FICO updates, watching it like a hawk. Paid down the Visa to $1000/7500.
Now I just wait... this is nerve wrecking