Raise mortgage score

[Tankee]

 Hello, I just recently cleaned up my credit and I am pre- approved for a FHA loan but I would rather take out a conventional loan. My mortgage credit scores are: 599, 608, 621. I have 4 active credit cards and 1 active store card. Wayfair just recently discontinued their credit program so that card was a $500 limit but I didn't have a balance.  

Active Credit Cards-

Capital 1- $500 limit $0 balance 

Capital 1- $500 limit $0 balance

Credit 1- $500 limit $60 balance 

Credit 1- $500 limit $9 balance

Ulta Beauty1- $500 $40 balance 

What can I do to help raise my mortgage scores? 0 collections. No missed payments in 18 months but some within 2 years. 

Any advice would be appreciated. 

[AllZero]

@Tankee  You may see a slight score gain if you can get to ~25% or under of accounts reporting a balance. For your profile, do AZEO All Zero Except One card reporting a balance. Use a bank card (Credit One or Capital One) and not a store card (Ulta).

Do you have any delinquencies or any other derogatory on your report? Have you considered a GW Good Will campaign to try to remove any delinquency?

The Saturation Technique: Best GW adjustment odds.

[Tankee]

I do have some derogatories that are within 2 years old. I will try the GW method. Also, I will try to use 1 card and keep it around or under 25% UTI. Just to clarify, this will help raise the mortgage score? Thank you 😊 

[Tankee]

I'm sorry. I mean I have a delinquency that's about 18 months old. 

[AllZero]

---

@Tankee wrote:

I do have some derogatories that are within 2 years old. I will try the GW method. Also, I will try to use 1 card and keep it around or under 25% UTI. Just to clarify, this will help raise the mortgage score? Thank you 😊 

---

Aggregate Utilization-wise, you are optimized.

Number of cards reporting a balance, you are not optimized. You may see 5-10 points once you go AZEO.

Keep utilization between:

1-9% aggregate

1-29% individual

[AllZero]

---

@Tankee wrote:

I'm sorry. I mean I have a delinquency that's about 18 months old. 

---

Depending on that lender and if you have time to spare, I would recommend doing what you can to request a GW to remove any and all delinquency. The goal would be to get your credit report as clean as possible.

[Tankee]

Thank you