Meow209 Posted February 21, 2015 Report Share Posted February 21, 2015 Hi all,I just recently got pre-approved for home loan. However, it was for a FHA loan. I am trying to get pre-approved for a conventional home loan but my agent says I am only 10 points from qualifying for a conventional home loan. I don't have any collections on my credit report (all paid off and deleted from report). Only ding I have on my report is two 30-day late on my student loans. I've called and written sallie mae with a good will letter but they just won't budge. Any advice on how I can possibly raise my score in short time frame? Housing market is picking up and so is mortgage rates so I am trying to purchase a home soon. I thought about getting added as an authorized user on my fiancé's credit card, he carries a $100 balance on a 15k credit limit. Just not sure if it will raise my score by 10 points. Any advice would be greatly appreciated. Quote Link to comment Share on other sites More sharing options...
Clydesmom Posted February 21, 2015 Report Share Posted February 21, 2015 AU will not raise your score one point. FICO factors those accounts out not in. 1 Quote Link to comment Share on other sites More sharing options...
Meow209 Posted February 21, 2015 Author Report Share Posted February 21, 2015 Thanks for the info @Clydesmom Quote Link to comment Share on other sites More sharing options...
1stStep Posted February 21, 2015 Report Share Posted February 21, 2015 You may have to ask the underwriters to make an exception - with only 10 points, it's probably not a big deal. The other option is to shop another lender. 1 Quote Link to comment Share on other sites More sharing options...
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