Before yu spend money on fixing your credit have an experienced loan officer look over the credit report.
So many times people do what would seem like a good idea; pay off a past due or pay off a credit card and close the account to later discover they actually lowered their rating.
Your credit may not be what you have found. I have seen loan experienced loan officers know exactly how to improve the credit very quickly. So I always recommend finding an experence loan officer and lender that also offers all of the loan types.
Loan officers work with credit continually and many times can suggest a notification or two and presto the rating is up. Maybe there is a late pay that didnâ€™t happen or maybe should have fallen of the report months earlier.
Go to Your-Road-Home.com and read article #5A. Good information on credit and also you will find Consultation Interviewing Loan Officers and Consultation Interviewing Real Estate Agents will serve you well.
Aslo read about the MCC tax credit
Hopefully gathering this information will shorten your time line to owning your own home. After you gather all the information yu can find, and Trulia is a good source, you will also find that Trulia is a good source for loan officers and real estate agents offering their services in your area.
Best of Luck, Stephen