u/Consistent-Oven4197

Buying a first home. Have a car loan for ~$15k, student loans of $7.5k and closed account credit card debt totaling $10k. I just sold a vacant lot I own and have $50k in funds. Annual household income is ~160k. I’ve payed off almost 10k in past due debt over the last two months. Credit score just hit 600.

What’s better in the eyes of a lender. Paying off my car loan and the closed account debt and having 25k for an fha downpayment, or having 50k for a downpayment but leaving my debt to income ratio and credit utilization as is. Any professional advice is appreciated! 🙏