What should i do to my credit report for a good mortgage rate.

[thorice 10]

Experian 721

Account Balance/CL Status

1. Credit First NA $386/$2000 OK was 30 day past due 1 time (Oct 2004) (Firestone Card)

2. Rnb $0/$300 Hasn't touch since 1997 (Target Card)

3. Navy Federal $5514/$10000 OK never late (Credit Card) opened Feb 07

4. BOA $0/$20000 OK never late (Credit Card) opened June 03

5. Wamu $0/$7500 OK never later (Credit Card) opened Sep 03

6. Navy Fed Loan $0/$3600 Paid off (Personal Loan) opened Feb 03

7. Great lakes $0 Paid off was 90 day late (Nov 2003) (Student Loan)

8. AnchorBank $0 Paid off never late (Student Loan)

9. Harris Charger $0 OK never late (Store Card) opened Nov 2002

10. Fairlane Credit $0 Collection Agency/purchased by another lender DOLA Jan 2001

No Inquiries

2 Collection Balance Fall off Date

Galion Hospital $1041 Jun 2008

Columbia Gas $86 Aug 2008

TransUnion 687

Account Balance/CL Status

1. Credit First $386/$2000 Ok Shows never late opened Jul 2002

2. Rnb $0/$300 Unrated opened Jul 97

3. Navy Fed $5515/$10000 OK opened Feb 2007

4. BOA $0/$20000 OK opened Jun 2003

5. Wamu $0/$10000 OK opened Sep 2003

6. Navy Fed $0 Paid off (Loan) opened Nov 04

7. Anchor bank $0 Paid off (Student Loan) opened Feb 01

8. Child Sup $5637 Paid off never late

9. Harris Chargers $0 Paid off opened Nov 2002

3 Inquiries

Weidner Motors June 14 2007 / Toledo Area Catholic Cu June 14 2007 / Verizon Wireless Mar 27 2007

3 Collection Balance Fall Off date

Galion Hospital $1041 May 2008

Columbia Gas $86 July 2008

Med Central $53 Feb 2012

Equifax 619

Account Balance/CL Status Opened Late

1. Credit First $396/$2000 OK 7/2002 No

2. Navy fcu $5514/$10000 OK 2/2007 No

3. BOA $0/$20000 OK 6/2003 No

4. Wamu $0/$7500 OK 9/2003 No

5. Wamu $0/$2500 OK 9/2003 No

7. Navy Fcu $0(loan) OK 11/2004 No

8. Anchorbank $0(student loan) OK 2/2001 No

9. Great lakes $0(student loan) 90days late 9 times as of Nov 2003 DOLA Jan 2003

10. Child Support $5585 SAYS 120 days past due (SHOW No lates?)

11. Multi House $2355 120 days past due

12 CAC $0 OK 11/2002 No

13. Fairlane credit $0 Bad debt/collection DOLA Jan 2001

14. Rnb $0 OK 7/1997 No

2 Inquires

Weidner Motors June 14 2007/ Chase-Bml Feb 2007

2 Collections Balance Fall off date

Galion Hospital $1041 Jun 2008

Columbia Gas $86 Aug 2008

Thanks for any and all help.

[RudyG 10]

Will this be your first house ?

[DJK 10]

With a 687 credit score you should already be able to get a good rate. It would depend on your debt to income

[thorice 10]

Yes this would be my first house.

[bigjohnstud4200 171]

are those fakos or ficos?

[RudyG 10]

DTI plays a big part and also your Income including spouse if she lives with you and will be on the title. But with those numbers if they are FICO not FAKO you should be fine.IMO:mrgreen:

[mmoore78 10]

You should be fine with those scores. Most of the negative items are old anyway. With a child support showing up on your credit report (usually it is "back child support" if it shows up on your credit and also why they might report it as a 120 day late), you will need to count the current payment in your debt to income if your children are still old enough to receive it.

[morrow 199]

Your scores look good. Do you know what your DTI is? I notice you have a loan with Navy Fed. are you in the military? If so, going VA is always an option.

[thorice 10]

Bigjohnstud, these are my fico scores. I got them from the www.myfico.com website. I'm currently active duty and my income is $4400 a month and debt is 1050 a month. Also I just paid back child support off and can't wait to check credit report. Hopefully there is a big jump in my score.

[morrow 199]

Bigjohnstud, these are my fico scores. I got them from the www.myfico.com website. I'm currently active duty and my income is $4400 a month and debt is 1050 a month. Also I just paid back child support off and can't wait to check credit report. Hopefully there is a big jump in my score.

Your dti is good, 23%. I would totally go VA. You can ask your broker to get your Certificate of Eligibility online. Most of the time they can get it instantly. Or you can fill out a 26-1880 and send it in yourself, have it in a couple weeks.