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How to raise mortgage scores in 2 months for VA loan Post-Chapter 13?

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yodi2007
Contributor

Re: How to raise mortgage scores in 2 months for VA loan Post-Chapter 13?

UPDATE!! 

I paid down a few more cards this week and plan on working on my paypal credit next. Possibly 800 dollars. Calculated utilization is 25%. What should I possibly get it to next?

 

Cards not paid yet

Dell Financial (open date 4/2021) =1450/3000 (0% for 24 months)

Paypal Credit (open date 10/2021)= 1800/3500 (0% for 24 months)

First Premier Mastercard (open date 1/2020) = 20/700 (24%)(Instructed to leave a small balance so I wouldn't get charged a fee)

Bestbuy Storecard (open date 3/2020) =260/1000

 

Cards paid with zero balance

Navy Federal Visa (open date 2/2019) = 1200/2000 (17.99%)(Paid another 1150 hasn't posted yet takes 3-4 days to do so)

USAA Visa (open date 2/2018) = 0/250 (17%, Secured Card)

Walmart Store Card (open date 4/2019) = 0/300 (24%)

Sams Club store card (open date 4/2019)= 0/100 (was 1500 but for some reason they lowered it several times in 2020)

Credit One AMEX (open date 3/2020) = 0/700 (24%)

AMEX Bluecash (open date 6/2021)= 0/1000 (17%, Wife's Credit Card, piggy backing on her card)

Credit One Visa (open date 1/2020) = 0/600 (25%)

 

Other information

2 cars paid cash for

Disabled son who recives 900/month for disability

Reduced cell phone bill from 380/month to 175/month (son and daughter in law was on plan)

Filling a VA claim soon for tinnitus and other ailments

Completed Chapter 13

1 of my student loans is in deferment

166/month plan to pay for college with 5 payments left

20k in savings account (plan to have another 10-15k deposited from payroll deposit by March)

2k in checking account

Wife has an Amazon Visa Card = 1250/1800 (not sure %, not listed on her card)

Have assets in crypto currency (Value unknown at the time of the writing this as I have it stored on encrypted cards)

Have investments in stocks (Value 15k)

Message 11 of 12
yodi2007
Contributor

Re: How to raise mortgage scores in 2 months for VA loan Post-Chapter 13?

UPDATE:

I got a pre-approval through one local lender's underwriter for up to 325k (the amount I requested, but says I have plenty of room to go up to 550k). They stated that my rate will be around 3.3ish for VA. I am so happy but I'm waiting to hear back from 3 other lenders.  

Message 12 of 12
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