If I want to get into a good mortgage what's the minimum FICO needed? Right now I have 563 EXP FAKO, I have been repaying aggressively and will be cc debt-free by March. I have two CA's on my report, but no other debt except for student loans ($19K) that have been paid regularly. Right now I have $1000 worth of available credit, which I got in May. If I wanted to buy a house in a year (Sept. 07), do I have enough time to make it to the minimal FICO level needed for a decent mortgage? Aside from repayment, what can I do to be more aggressive?
IMO, your next step should be to attack the CA TLs, and pay them if they're not already paid. 720 FICO is considered prime borrower. Alternatively, there are mortgage companies that will decrease your rate if you make a certain number of consecutive on-time payments, like 24.
