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Answers (4)
- Justin Kennedy
- Contributions:692
if the student loan was federal, you may have to address a negitive Caivrs and provide the documention of the payment history and repayment plan. plus, include that payment within your qualifing numbers. keep in mind, this is case by case, some lender will only accept a 12 months history while other will only need minimum of 3 months. you lender should be able to exceute a Caivrs check in 5 minutes. link
- Carroll Hoselton, "Wells Fargo HM"
- Contributions:6
There are companies that go down to 600 credit score on FHA as well.
- Chad Melin, "Chad Melin"
- Contributions:113
Marcelo is right. As long as you provide a detailed letter of explanation, you should be fine.
- Marcelo Hernandez, "pacific mortgage srv"
- Contributions:180
As long as your credit score is 620 or better, you should be able to get FHA financing thru the mortgage companies investors. A letter of explanation regarding your late payments will be required.
Is it possible to get an FHA mortgage if you have a student loan that was in default?
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- 0.0/5.0
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