Yes, paying a loan down or off will typically raise your credit scores. I can actually work directly with the credit companies directly and tell you exactly how much your score will go up and which bills will have the greatest effect.
We also have FHA programs available for credit scores down to 580.
Please contact me if you have questions or you would like to start the pre qualification process.
It should. I work some great lenders who can tell you some ins and outs of raising your score. Call me at 570-878-4739 (email at firstname.lastname@example.org) and I can point you to a professional. When it comes time to buy, I'd be happy to help you find a home.