First timer on board and I want to say this is a god sent...so much valuable information. Does anybody know with FHA which CR they pull and what there limits on collections, judgement are....feeling down because my scores seem low to me which are eq-580 tu 573 ex? - -hubby eq 580 tu 563 ex? would like to use his VA....any thoughts from the vets of the board....have anyone received a FHA with collections or judgements.....sleepless in NC
There are several board members that are experienced mortgage brokers who will work with you on or off the board. "fla-tan" comes to mind, I believe he leaves his email on all the time, Ibut I know there are others, I just don't recall their user names off top of my head. if I'm not mistaken, I believe lenders will pull all 3 reports and use the middle score do a search on "FHA loan" and I bet you will find lots of relevant posts GOOD LUCK !!!! I bet you will find assistance and make this a successful journey .
http://consumers.creditnet.com/stra...ad.php?s=&goto=newpost&threadid=27615&pgnum=3 current thread , 'bout the third page back, has relevant information on FHA loans
fdjtwins FHA doesn't pull a CR, the mortgage lender pulls it and all three are pulled. If there are any open collections or charge-offs that showup, they must be payed either before or at closing. Other than that, FHA loans are not really score driven. There are limitations that apply to FHA loans though. Hope this helps. fla-tan
