Preparing for NFCU morgate HBC program

[Anonymous]

Good evening, i would like to know if i will qualify for NFCU homebuyer choice mortgage loan. my salary is aorund $120000 yearly with overtime. i have a total of 9 student loans accounts with 30 days, 60 days , 90 days and 120 days late all dating back to 2012,2013 and 2015. i have one collection from conrad acceptance for $6k. besides all this my overal credit utilization across all credit bureau is under 17 percenmy student loand total is $10k, i owe a total of $32000 on two car loans, i have a jared account with two 30 days late from  march 2018 but i'm current on the payment and i have a balance of $3500. my student loan are now service by fedloans, i'm trying to find a way to remove the lates payments. help please, i'm currently using lexington law firm. 

Negative Accounts

• Gfs/Jared Galleria O

  Equifax, TransUnion, Experian

• Miami Dade Community

  Equifax

• Dept Of Ed/Navient

  Equifax, TransUnion

• Dept Of Ed/Navient

  Equifax, TransUnion, Experian

• Sallie Mae

  TransUnion, Experian

• Sallie Mae

  TransUnion, Experian

• Dept Of Ed/Navient

  Equifax, TransUnion

• Dept Of Ed/Nelnet

  Equifax, TransUnion, Experian

• Nelnet Loan Services

  Equifax

[Mortgage-Specialist]

Thise lates are old. They wont affect you. Whats your credit score?

[Anonymous]

Mortgage scores are:
Experian:676
Equifax: 653
Transunion: 643
But how do I remove the lates or when do they fall off. Also the collection I have from Conrad acceptance is for 6k how much should I settle for? Or should I leave it and let it age.

[Anonymous]

Which scores are those? Mortgage companies use the FICO Score 5 - Equifax, FICO®Score 2 - Experian, and FICO Score 4 -TransUnion. I ask because some aren't aware of this. FICO 8 models tend to be higher than the mortgage scores, at least in my experience. As for the collection, I've settled usually around half or 50% of the outstanding balance. I'm sure others here have settled for less or more, just my experience.

[Mortgage-Specialist]

Please verify w NFCU prior to paying off any collections. You may not need to.

[Anonymous]

Those are my fico mortgage scores from fico. My fico 8 scores are much higher and in the 700s. Ok I will try settling the collection, I will make offer for $2k

[Anonymous]

@ mortgage specialist you might be right, I’m waiting for my mortagage middle score to be around 700 or more before applying so I’m hoping by June or July that’s when I’m planning on applying