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

Kentucky Home Buyers. Purchase a Home No Money Down.


I can answer your questions and usually get you pre-approved the same day.  Call or Text me at 502-905-3708 with your mortgage questions. Email Kentuckyloan@gmail.com Joel Lobb Mortgage Loan Officer Individual NMLS ID #57916 American Mortgage Solutions, Inc. 10602 Timberwood Circle  Louisville, KY 40223 Company NMLS ID #1364 Text/call:      502-905-3708 fax:        … Continue reading Kentucky Home Buyers. Purchase a Home No Money Down.

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 … Continue reading Does bad debt, collections, or charge offs on credit report have to be paid off to get a VA loan approval in Kentucky