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If you have a credit score of 680, have low debt, have a 5% down payment, will a lender approve you

when you have an old Tradeline on your credit report that states "Consuer Disputes Accoun"?
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May 15 2012 - Reedley
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itSounds like youcould  get approval, but there is more to it.  Only after submiting appropriatge records and reviewing appropriate documents can the lender give you an answer.,
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May 16 2012
The best thing to do is to contact a lender to be sure. The guidelines are always changing, but it may be possible for you to obtain an FHA loan. You should contact a local lender asap.
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May 16 2012
Financial matters are very personal and complex at times, I suggest that you contact a lender or two who can look at your financial profile and guide you as to best way to purchase your home.
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May 15 2012
Profile picture for brouzin
Posting was incomplete. The question is if I have a credit score of 680, low debt, 5% down available, but I have an old Tradeline that appears on my credit report as "Consumer Disputes Account" (the account has been paid and settled) does the tradeline have to be deleted before I can get pre-approved. Also my wife owns a home in her name only, I'm not on the loan. I live in California. 
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May 15 2012
The only way to ever know for sure is to apply; however, with the items you have here, it looks like you will have a good shot at an FHA loan. Go to Zillow's Mortgage Market place and see what they have to say.
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May 15 2012
 
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If you have a credit score of 680, have low debt, have a 5% down payment, will a lender approve you
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