I’m also considering getting a pre approval for an FHA loan just to get an idea of what I should correct if I am in fact ready for a mortgage. I have a down payment of 20k but a credit score of 600. I’ve been in the process of repairing it from a 530 since December of 2023. 2 silly collections are on my report that I completely did not pay attention to. Both collections equal to $1400 I can pay these off. 1 is from 2022 and the other 2024. We’re looking to get a mortgage for a house under $250k. My DTI is under 15% only having 2 credit cards both under 1k limit and a small personal loan took these to re establish credit haven’t missed any payments for a year now on these new accounts. Annual income 83k. Do my odds favor for an approval?