if your trying to buy a place within the next 6 motnhs. you don't want any new credit lines at all or hard inquiries.
usda is no down payment but i have heard from this forum that funding seems to be a little sketch right now. I thought about doing usda and just went with fha.
Forgot to add my income is about 50,000 a year (31,000 salary the rest is bonus). Bonus has been constant for 2 years in Feb of next year,. Also I am looking for a 125,000 loan.
I was told to open one in June, so I did...no problems. I only had one in my name.
I went with USDA Gaurantee. The first thing that pops out at me is that I would need to know what is the Lender's Middle Score required, mines had to be 640 Fico. I had to have three trade lines reporting with NO LATES in the past 12 months. MB disqualified my Student loans because they only reported for 11 months so that left me with only two positve trade lines. MB went with a non-traditional tradeline (electric bill) and it was such a pain in the keyster. Please give yourself time to pull your scores up a little higher, I think this will help with interest rates and UW. I paid NO DOWN PAYMENT FOR USDA GAURANTEE, Seller paid almost all my closing cost. Hope this helps....
I had just one card in my name only. I am joint with my husband on two vehicles, and an authorized user on a few others. And yes, USDA guaranteed.