there a number of proven ways to increase your score. Several banks offer a program in which you buy a CD from a bank and pay for the CD with monthly payments, which gets reported to the credit companies. You can also apply for secured credit cards, in which you give a deposit to the creditor and then, as you use and make monthly payments on your card, they report th epayments to the bureaus.
It makes sense to "scrub" your credit bureau to make sure all the info is correct & current. If you would like assistance, you can call me at 708-597-8884 or email me at email@example.com. Neil
It is tough to give any concrete advice without viewing your actual credit report. Every situation is a little bit different. I can say that for the majority of lenders, adding a cosigner will not help you get a loan. When there are two or more people applying for a mortgage together, lenders take the lowest middle score of all the borrowers. So, your score would still be the determining factor. There may be a few exceptions out thereâ€¦but they are rare. My CEO has written a blog post on improving your credit. Here it is for your own reference: http://www.moneypress.com/how-to-improve-your-credit-score.htm.
If youâ€™d like me to take a look further and see how we can help you get your score up to a place where you are in position to purchase a home, give me a call.
Senior Loan Originator
If you are a young adult, you can apply for a mortgage with one or both of your parents as consignors.