Hello, I have been working on my credit over the past year or soot hopefully obtain a mortgage. This is where I currently sit with my reports.
Baddies: Closed Auto loan paid in full April 2014. 10-11 30-day lates over two years ago.
5 student loans through Nelnet. One 90-day late on each in May of 2015. Currently paying timely. Will not goodwill.
ARS collection open balance of 1098.00. Medical collection. No payments made open date mid 2013.
2 portfolio recovery paid in full collections closed. Set to fall off early 2019.
1 judgement for 2500.00 from 2013. Currently paying $150.00 per month.
6 other paid collections only reporting on equifax.
Good standing items:
Capital One Platinum secured 1.5 years old. $0 balance. Capital One QS MC 1 year old - $ 2500 balance cl of 4600 Capital one QS MC 1 year old - $ 2000 balance cl of 3600 Chase freedom 1 month old $0 balance cl of 500
Walmart store card 6 months old $400 balance 3500 cl
Kohls store card 1 year old $80 balance cl 300
Overstock card 6 months old- $150 balance cl $500
Amazon card 1 month old - 300 balance cl 700.
Springleaf loan of 6000 roughly. Paying 232 a month.
Transunion FICO is 649, EQ and Exp low 600's
I am currently using my two main capital one cards to pay a lot of my bills then I pay it off and use again the next month to avoid interest. I don't pay a lot down on them each month. Is this a issue for a mortgage?
Also I was looking at a FHA possibly. Is this possible with my situation? I make $61000 a year.
Any thoughts or suggestions to move closer to this goal.