Our scores are as follows: DH: Transunion-641 Experian - 609 Equifax - 511 MINE: Transunion-689 Equifax-629 Experian-541 DH has a child support entry on his EQ report that states that he owes 16,000 but he has been paying on this every two weeks consistently since 1999 but you know because of the interest on the arrearage the balance is still high. He has all paystubs to prove the payments and also we received an account statement from the DCSE showing his payments since 1999.
Gosh there are so many different types of loans out there so the answer to your question is probably "Yes." However, I think in most cases you will find that you need a median score of 620 to quality which neither of you have right now. If you do happen to get a mortgage it will be with outrageous interest rates. You'll get more and better advice from the experts here but my simple advice is to build your scores through paying your bills on time, stop charging or applying for credit, pay down/off your credit cards and all loans and save up for the down payment. If you both want a mortgage bad enough, you will get it and probably in only a year from now. One year seems like a lot today but it will fly by in no time and you should be sitting at the title office a year from now signing tons of paperwork and getting the keys to your new home. Good luck.
New Update: DH: Transunion-641 Experian-673 Equifax-511 MINE: Transunion-689 Experian-541 Equifax-631 Just looked at the reports for the day and the baddies I disputed came off and what a boost!! Now our middle scores are 641 and 631.
