Hello,
I have been a long-time lurker and I wanted to find out if you think I would be able to get a conventional mortgage based on my credit profile. My current score for TU is 795 (Walmart Fico).
Here's a snapshot of my credit profile:
| Open Accounts | Date Opened | Credit Limit | Balance | %DTI |
| Chase Freedom | 7/19/2011 | $10,200.00 | $625.00 | 6% |
| Chase Ink Plus | 12/1/2012 | $7,500.00 | $2,000.00 | 27% |
| Chase Ink Bold | 9/15/2013 | NPSL | $200.00 | |
| Chase United Mileage | 5/28/2013 | $9,800.00 | $0.00 | 0% |
| Bank of America 123 Rewards | 8/1/2012 | $15,000.00 | $1.49 | 0% |
| Bank of America World Points | 9/27/2007 | NPSL | $0.00 | |
| Discover More | 8/11/2009 | $10,000.00 | $0.00 | 0% |
| Walmart Discover | 5/17/2011 | $7,500.00 | $200.00 | 3% |
| AMEX BCE | 10/12/2007 | $25,000.00 | $0.00 | 0% |
| Macy's | 1/13/2007 | $1,000.00 | $0.00 | 0% |
| Penfed AMEX | 4/10/2011 | $7,500.00 | $0.00 | 0% |
| Penfed Visa | 9/15/2009 | $18,000.00 | $0.00 | 0% |
| Auto loan | 4/4/2011 | $20,425.00 | $1,500.00 | 7% |
| Authorised User | 9/15/2009 | $15,000.00 | $0.00 | 0% |
| Total: | | $146,925.00 | $4,526.49 | 3% |
| | | | | |
| Closed Accounts: | Date Opened | Credit Limit | Balance | %DTI |
| AMEX Gold | 5/15/2007 | NPSL | $0.00 | |
| Barclays | 10/27/2012 | $3,500.00 | $0.00 | |
| Capital One | 2/23/2008 | $750.00 | $0.00 | |
| Chase Amazon | 7/26/2009 | $2,700.00 | $0.00 | |
| Wamu | 11/1/2007 | $500.00 | $0.00 | |
| Citi | 4/19/2011 | $5,000.00 | $0.00 | |
| Avenue | 8/1/2010 | $550.00 | $0.00 | |
| GE Amazon | 7/26/2009 | $124.00 | $0.00 | |
| GE Old Navy | 7/15/2012 | $3,400.00 | $0.00 | |
| GE Walmart | 11/1/2009 | $1,675.00 | $0.00 | |
| Kay | 12/1/2007 | $721.00 | $0.00 | |
| Kohls | 9/23/2011 | $1,500.00 | $0.00 | |
| Penfed | 9/15/2009 | $15,000.00 | $0.00 | |
| Penfed | 9/15/2009 | $5,000.00 | $0.00 | |
| Auto Loan | 5/1/2009 | $27,938.00 | $0.00 | |
| Auto Loan | 12/1/2007 | $26,364.00 | $0.00 | |
| Auto Loan | 10/1/2009 | $23,000.00 | $0.00 | |
| Personal Loan | 6/25/2012 | $5,000.00 | $0.00 | |
| Personal Loan | 9/10/2010 | $3,150.00 | $0.00 | |
| Personal Loan | 3/1/2009 | $1,400.00 | $0.00 | |
| | | | | |
| Inquiries: | | | | |
| Inquiry From | Date | Credit Bureau | | |
| Chase | 11/2/2012 | Equifax | | |
| Penfed | 4/27/2012 | Equifax | | |
| Bank of America | 8/2/2012 | TransUnion | | |
| Bank of America | 8/27/2013 | TransUnion | | |
| Barclays Bank | 10/27/2012 | TransUnion | | |
| GECRB/Old Navy | 7/14/2012 | TransUnion | | |
| Discover Financial Services | 11/10/2011 | TransUnion | | |
| Chase | 6/18/2013 | Experian | | |
| Chase | 5/28/2013 | Experian | | |
| Verizon | 11/19/2012 | Experian | | |
| Chase | 11/2/2012 | Experian | | |
| Chase | 8/3/2012 | Experian | | |
| Bank of America | 8/1/2012 | Experian | | |
| Verizon Communication | 2/16/2012 | Experian | | |
Based on the above, do you think I will qualify for a conventional mortgage?
I want to buy a house in the 210-260K range. I only have 20K down and hoping I can get a conventional loan with <1o% Down.
