I am currently trying to get a usda mortgage. I have had some credit problems in the past but have recovered some but still working on it.
The bad: bankruptcy in 2006 ch 13 converted to ch 7 so it shows as two seperate . Both dismissed at my request
Mobile home voluntary surrender 2012 due to job loss with paid zero ballance.
Car repo from same time frame with 4k balance. I have made payment arrangements ( per month ) for the remaining balance
Two paid judgements from 2011-2012 time frame
Two paid collection accounts from dept of VA affairs overpayment.
the good : Two auto loans since repo , one paid off and the other current and never late.
5 open revolving credit accounts with 10 % utl no lates
One personal loan for 1500 current never late
Excellent rental history , never late.
Current scores lender pull: 610 TU, 647 EQ, 657 EX
current monthly income 2400 from work and 947 from va education for housing. Current DTI is 29%. I am hoping to buy within the next 3-6 months thru usda. What do you think my odds are of being approved? Thanks !
