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[quote=Anonymous][quote=Anonymous][quote=Anonymous]From what to what did your credit score go to? Do you have defaults/liens on your credit or just late payments?[/quote]

765 to 710 and 700 to 650. No liens. One of us had a student loan go into default, but it’s out of default now (as of 5 months ago) and payments are current. We also have two credit cards through same credit union. While we maxed those out during the unemployment period, we were never late with a payment and both are now at about 70% credit utilization and we’d pay them off with sale of our house. [/quote]

Credit utilization matters in how your credit score is calculated.  The credit card payment matters in how much DTI you're allowed.  If you plan on paying off the credit cards with the house sale, it may not help you much with the new loan because it takes a month to hit your credit report (that it's paid off).  You might be able to get a letter from the credit cards saying they're now paid off which the loan officers could use to help calculate the new DTI though.  Honestly, just call one of the big banks.  Tell them you don't want them to run your credit report and you're just trying to figure out if it makes sense for you to buy now or not.  They should be able to give you a reasonably accurate loan estimate.[/quote]

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