aapostrophe wrote:I am in love with a house that has an asking price of 165,000 in Richmond, Virginia. Saying I can get itfor 155,000 - 160,000, could you tell me if I could qualify on my own? Property taxes would be approx, $1450 and home insurance approx. $336. I would be a 1st time buyer, am married but his credit is not good. (low 500's)Real Ficos- TU 675, EQ 674, EX 657 (they should be higher after a $1054 payment is reported)Gross yearly income- 44,492Assets- $18,497 in 401(k) (including a 2400 loan that i pay back to myself)$3111 in a single brokerage mutual fund$200 in a company stock fundUpcoming cash inflow- will get back about $4400 from tax return in February and approx. $3000company bonus paid out in March.Debts- no car payment, student loans deferred until 2011, have Amex with $400 owed/ $1000 CL,Credit Union Visa with $1600 owed/ $5000 CL, Hooters card $0/1000, Juniper $0/300, Cap1 $80/$1500, Credit One, $67/ $750. I am paying the Cap1 and CredOne off balances today. There was a Dell computer account which was $1054/ $1500 that I paid off, but has not updated yet on reports.Baddies left- One Paid collection showing on all 3 CRS's for $215, first reported in 2006 but is older.One Victoria's Secret account for $264 that is over the reporting time limit, has been removed from TU and EQ, is in dispute at EX, but currently showing something like 35 lates since god knows when up till the present. This will be removed as I have docs which show exactly how old it is.And one utility collection for $289 from 2003 which isn't actually mine and was removed from EQ and EX, but was somehow verified for TU. redisputing that one currently.My mother has very kindly offered to pay any upfront/closing costs with her home equity line so that I don't have to sell out my stock. This would be considered a gift.I am interested in the VHDA loans such as Flex 100, FHA Plus, Flex Alt Advantage, also FHA and Conventional. This house is in their federally targeted area where qualifiers may be relaxed also.1) Could I qualify for the loan amounts with my income?2) Knowing that the Dell payment of $1054 will most likely increase my score, should I absolutely waitto get a pre-approval until that posts or is 674 mid score good enough right now and could be reviewed later in the loan process.Thanks! and please let me know if I can provider more info.