So...is this something I could possibly work out with an FHA loan? I need a low down payment. I have excellent rental history for 7 years now. I pay a large rent amount also. Will they work with me if I am trying to get these negatives handled? Oh, yeah, I have one medical charge-off for $90 - which I will pay if I have to. I have written that collection company a validation letter. Any advice on where to see if an FHA is applicable for me?