We have been working for months on getting our credit scores where we need to be to get a mortgage. My credit score is where we need to be. However DH's is around the 600 mark. We have disputed all of our tradelines and got 2-3 deletions each. There is one 4 year old common collection on each credit report. We have had no lates in the recent past (3-4 years). We have 1 credit card each but are authorized users on the other one so it is reflected in our revolving credit. The limit of DH's is 1300 and has a closing statement balance reported on 2/14 of $187. This is now reflected on our reports. My CC has a limit of 500. I paid it off on 2/14 with a statement close of 2/17. The company has generated a statement and therefore I thought reported to the credit bureau. I allowed our lender to pull our reports and scores today because I thought everything was up to date but it wasn't. The 500 card is reporting over limit even though it the statement balance is $3.
The lender is going to do a rapid rescore in order to get DH's score up. Their simulator says it will get his mid score up to 623. However, I am terrified that this will not work. I know I can probably find another lender as some FHA lenders will go down to a 580 but going forward how do I get his score up?
