denim :
sorry bud.. i got to work and was busy all day.. i didnt even think about the forum once.. my appologies.. annnnddd.. i didnt bring my calc home.. soo.. ... *DOH
as far as $1,500 being alot to have to put down to get into a home.... HEHEHEHEHHAHAHAHAHA... .. no .. really though.. it is not.
and as for the lines of credit... Anything that has a monthly payment that shows up on your credit can be considered active credit and credit history. Some lenders will have a min. amount that the accounts need to be.. buuut .. there are plenty which do not consider it as much... it will become more of an issue when you are trying to get the high loan to value 2nd mortgage.