Why three?

[Anonymous]

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@Anonymous wrote:
Thanks BrutalBodyShots, ☺

4 points isnt worth stressing over but 12 sure is lol
DH and I absolutely have thin and young files. 2 cards one instalment loan. But hopefully having clean files, long employment history and 20% down will override that.

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Do you have any closed accounts?  If you do, these also count toward FICO's assessment regarding whether your profile is thin or not.  I.e. one closed account would bring your total number of accounts to 4.

[Anonymous]

Hey there CGID.  I'm thinking that the OP doesn't have any closed accounts, as in their original post a reference was made of finally hitting 6 months or something and being able to get scores.  I could be wrong though and you are correct that any closed account(s) would aid the OP in escaping thin file.

[Anonymous]

Nice catch BBS. 

I am not sure if anyone has addressed this, but if our OP is willing to delay the house purchase until all of his accounts are at least 12 months old, he should get a significant boost there as well.

Having an Age of Youngest Account at > 12 months helps anyone, but since AoYA is also one of the three factors used in scorecard assignment, having an AoYA at > 12 might well boost him out of a scorecard with a sharply truncated score ceiling.

Delaying the house purchase would also cause any inquiries to stop hurting his score.

[Anonymous]

Great points above.  Aside from the scoring benefit of reaching 12 months AoYA, it's also worth mentioning that upon a manual review (a definite with a mortgage app) the OPs potential lender would feel a bit better about the overall profile being examined.

[Anonymous]

Thanks for the insight BBB and CreditGuy. ☺
I'm a she, not that it matters lol
DH and I existed cash only until 6 months ago. Crazy I know. I had student loans back in the late 80s but those are looong gone now.

We might wait till March (1 year) to home shop, but home prices are lower here in the winter and rise back up in spring and summer

Mortgage folks in that part of the forum said no reason to wait a year, but we do want to maximize scores for best interest rates.

My middle mortgage score is 726, hubbys is 722 but that was before I implemented azeo and payed down my instalment loan. So who knows what it is now 🤔

[Anonymous]

I would certainly get all your accounts in perfect shape and then pull your mortgage scores again.

One possibility might be to ask your parents to add you as an AU to a very old clean card with a $0 balance -- if they have such a card.  That would help your score a ton, plus get you one more tradeline.

[Anonymous]

CreditGuyInDixie,

Hubby's parents have both past on.  I still have my Father but no clue what his credit history is like.

If anyone is bored and wants to view my full data points, they are posted here https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/We-finally-have-credit-scores-data-point...

[Anonymous]

I agree with CGID regarding a potential au account. Taking your AoOA from 6-9 months to something > 17 years would be a huge scoring aid.