When should I talk to my credit union about an FHA mortgage?I am a 36 year old, single dad of two kids (14&15) and looking to purchase a home this summer. I make about 50-55K per year presently at a steady job for about 7 years. I haven't had a late payment in 6 years. My FICO has ranged from 620 to 720 over the past year on CreditKarma. It is currently at the lower end at 620. I put my Phillies tickets on CU MasterCard ($3K) and will be paying it off around the end of March. I have a chase visa that I am paying off which is currently at $1400. Other than that, I only have a student loan with 4K on it. Car loan paid off. My Discover, Capital One MC, Walmart are all paid off.I have 3K in the bank, and I expect to have about 4K in there by the summer after paying off my Chase card. According to CreditKarma, my score will be 737 when I pay my CCs off. I believe it uses transunion. I have no charge offs or anything.I am also in school working on my bachelors in Computer Science, but that is paid for through grants and student aid.I am planning on taking a 401K loan for the house in the range of 8-10K as I have about 20K in there now.I am looking at townhouses in SE PA in the range of $150-200. I am coming up with estimates of 1000-1300/mon with taxes and insurance for a 30 year loan.When should I look to contact my credit union about the loan? I am hesitant now as I want to get my score back up to the high 600s low 700s before I do that. It should be by April/May.Edit: I also get 800/month in child support until June 2013, and 500-600 after that until June 2015. I expect to graduate in 2014 and should be making 60-70K by then either at my present job or another (hopefully barring a big change). paying $725/mon for a 2 BR apt which is too small. Apartment rentals for my area jump drastically to $1400 for a 3 BR.February 21 2011 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.