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
How to boost your credit score for A Mortgage Loan Approval in Kentucky!
Want to increase your credit score before buying a home? It might be easier than you think. Focus on these 6 steps and watch your score climb. Source: How to boost your credit score What Can Improve a Credit Score Keep Your Balances Low It’s important that you try to keep your balances at … Continue reading How to boost your credit score for A Mortgage Loan Approval in Kentucky!
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 … Continue reading FHA eases mortgage rules for some credit-impaired applicants for collections and charge offs
Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 