With credit scores at 428 and 511, it is improbable that you will be buying in the immediate future. If you have any judgments or collection accounts, these will need to be cleared before you can buy a home. If you have no collection accounts or judgments, is your score being impacted purely by past slow pay? If that has been the primary pull against your credit, prompt pay on your current accounts, reduction of the balances and keeping the balances far less than the credit limits will help.
Be up front with Realtors about your situation and let them know that you are interested in familiarizing yourself with the Port St Lucie market now, so that you know what you want when the time is right for you to buy. Allow the agent the oppty to work with you and balance current clients who are ready to buy. This courtesy will provide a win-win relationship for you and the Realtor. Don't mislead agents into thinking that you are ready to buy now. Agents will want to help you achieve your goals, and understanding your situation is key to coordinating your efforts for the best results. You can utilize your prep time to read through links and listings with the help of an agent, preview properties, and attend open houses.
Port St. Lucie is a great communityâ€¦â€¦.with affordable housing options.
Sign up for a service that allows you to regularly access your credit file, and closely monitor your score. Keep saving, and home ownership will be in your future.
Deborah Madey - Broker
Florida and New Jersey