Category Archives: bad credit

How are collections treated on a Mortgage loan in Kentucky for a FHA and Conventional Loan Approval?


Collection Account Tips for Fannie Mae and FHA Loan in Kentucky. Do they have to be paid to get approved for a Kentucky Mortgage Loan? Collection accounts  on the credit report can sometimes hurt your chances of getting approved for a Kentucky Mortgage loan in Two ways: First, if collections are recent, they may drag […]
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Does bad debt, collections, or charge offs on credit report have to be paid off to get a VA loan approval in Kentucky


Collections on Credit Report and How They affect a Kentucky VA Mortgage Loan Approval   Collection accounts are accounts for a debt that have been submitted to a collection agency by the creditor generally due to nonpayment. Below are general tips and guidance on what DU will require when collection accounts are reporting on a borrower’s […]
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What is the minimum credit score I need to qualify for a Kentucky FHA, VA, USDA and KHC Conventional mortgage loan in 2019?


What is the minimum credit score I need to qualify for a Kentucky mortgage currently in 2019? Question: What is the current minimum credit scores needed to qualify for a Kentucky mortgage Loan in 2019? Answer: The minimum credit score needed to qualify for a Kentucky mortgage depends on the type of loan program you are looking […]
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FHA eases mortgage rules for some credit-impaired applicants for collections and charge offs


FHA Collection Accounts • A Collection Account refers to a Borrower’s loan or debt that has been submitted to a collection agency by a creditor. • Medical Collections are not required to be paid and satisfied. • Collection accounts of a non-borrowing spouse in a community property state must be included in the $2,000 cumulative balance […]
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