Mortgage Score Questions
Exactly a month ago, I posted on here that I was so upset that my mortgage FICO on Experian dropped to 523 for no reason. Today, it is 573. I am 7 points away from qualifying for FHA, but I would really like conventional. So I plan on holding off on buying a house until I am at 620. I have a few questions though:
1.) Currently I have a mortgage FICO of 582 for Equifax, 573 for Experian, and 536 for Transunion. If my score goes up past 620 for Equifax and Experian, but isn’t quite there for Transunion, would I still qualify for a conventional loan since my middle score is eligible? I’ve been fighting with Koalifi to get an inaccurate late payment removed from January and it is still currently under dispute for the second time, this time with my proof. I am hoping the late payment will be removed and then Transunion will be back up to around the same as Equifax and Experian, but if it doesn’t, just want to know what my options are.
2.) I just settled a charged off auto loan from a few years ago. So about $29,000 will now show as $0. I also just made my last payment for my undergraduate student loans, so in about a month, another $60,000 in loans is going to show as $0. (Note: I will still have about $45,000 in student loans from grad school on there). Does anyone know is this will positively affect my score or negatively affect my score? My undergrad student loans are my oldest accounts. I’ve seen different information about this on here so just wanted to get some perspectives on that.
Edit: Previous post from a month ago: https://www.reddit.com/r/CRedit/s/z46R9GY9Ag
Thanks everyone!