Credit for Buyers and Sellers in DC Area
I’d suggest that you first connect with a trusted lender, have them pull your credit and go over the report with you. Loan Officers are more familiar with the process, know how to best approach your current situation, recommend next steps and able to offer the most appropriate loan program based on your need and cash on hand. It is not advisable for you to start paying off or closing any accounts until you connect with the lender or credit agency. The incorrect action by you can cost credit points, thus inability to qualify or yield higher interest rates.
Please feel free to use Credit Karma and Credit Sesame as they can provide you with free information as to your current credit situation. The free services providers often suggest various credit card or loans offers at a lower rate and so forth. It is best not to do anything without consulting first with a trusted Loan Officer, as any new credit addition or inquiry can impact your credit and score.
In case of any credit deficiencies, you can connect with Continental Credit and let them know I referred you it will provide $100 credit towards the plan. My suggestion is to follow their guidance to address the deficiencies and get your credit increased to qualify for the best interest rate and programs available.
In case of major credit derogatories [foreclosures, bankruptcy, short sale or deed-in-lieu] please be sure to visit the Major Deragotories timetable here.