Which option would you recommend?My wife and I are looking to get a conventional loan for around 160-180k (do not want to do FHA). Our debt-to-income ratios and income look good. My question is this:We have about 22k saved. Our credit scores are both in the 630 range. We have no lates/no bankruptcies/no collections/no judgements. Our scores are so low because we have about $9k in balances on about $10k in credit card limits, so the balance to credit limit is killing our score. Would it be better to use the full 20k on a down payment to get a 10% down conventional loan, or use $9k of that savings to pay off all our credit cards, which would raise our credit score, and then use the remaining $12k to do a 5% down conventional loan?For a rough estimation, the credit monitoring site I use estimates paying off all our credit cards would raise our scores from the 630 range to the 680-690 range within 30-60 days (once all the banks report them as zero balance).Thanks in advance for your input.February 23 2014 - Cincinnati00YesReport 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.