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Replies (5)
- Candace Camacho, "CandaceCamacho"
- Contributions:420
gegax12,
You can take a look at this link. I would also talk to loan processor that is reviewing the loan about the underwriting guidelines.
Thanks,
Candace
Zillow Customer Support
You can take a look at this link. I would also talk to loan processor that is reviewing the loan about the underwriting guidelines.
Thanks,
Candace
Zillow Customer Support
- Sharon Lewis, "Sharon Lewis"
- Contributions:3923
I am so very sorry to hear about the medical issues you are having to deal with. Good for you and your husband to think towards the future.
I would suggest you talk with a local lender. I am in Raleigh and can recommend several who will quickly be able to tell you what you are able to do in this situation, Click on my name and email me or click on any professional who is in this area, most of us will be able to connect you to a lender who can better look at your situation.
Good luck to you both.
I would suggest you talk with a local lender. I am in Raleigh and can recommend several who will quickly be able to tell you what you are able to do in this situation, Click on my name and email me or click on any professional who is in this area, most of us will be able to connect you to a lender who can better look at your situation.
Good luck to you both.
- KW78
- Contributions:5
I have several medical collections (unpaid) that didn't hurt me getting a loan and weren't required to be paid even. However, my credit score is 642 which I have heard makes underwriter guidelines a bit easier ( we also got a USDA loan).
- Sharon Lewis, "Sharon Lewis"
- Contributions:3923
I wanted to follow up to see if there was anything else we could help you with?
Sharon
Sharon
- Andy Matejka, "tejks"
- Contributions:352
How has this been progressing?
Generally speaking, you might find lenders willing to accept 12 months proof of payments on collections as a "positive sign" and could make you approvable.
Naturally, it isn't the only qualifying factor. Either way, I am hoping your family is doing well and you are keeping the course.
There are some great values and deals to be had throughout NC.
Generally speaking, you might find lenders willing to accept 12 months proof of payments on collections as a "positive sign" and could make you approvable.
Naturally, it isn't the only qualifying factor. Either way, I am hoping your family is doing well and you are keeping the course.
There are some great values and deals to be had throughout NC.
Medical Collections affecting Underwritting
Should we attempt to combine these collections into 1 account to be reported on our credit? They're willing to write us a letter saying we are making payments as of now. Will this at all affect the underwritting process or are we just stuck? We've been able to pick up car loans, on 1 brand new vehicle earlier this year, but my husband has since had an operation and more medical is coming in.
How heavily will medical collections weigh on our potential loan in combination with not so great credit scores and little other credit history?
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