Zillow Advice: Approval Process - will a medical bill affect my chances for a home loan? http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ Zillow Advice | Zillow Real Estate That'' shouldn't hurt &nbsp;your ... http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ That'' shouldn't hurt &nbsp;your chances to get a conventional or FHA loan. If you have the means take care of this small setback. &nbsp;If you need assistance give me a call Mon, 02 Sep 2013 23:43:00 GMT http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ 2013-09-02T23:43:00Z If you're closing in a few ... http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ If you're closing in a few days, there is no way that account will be reported to the credit bureaus that quickly.&nbsp; I would still call the creditor, inform them your husband is deceased, but wouldn't sweat anything changing in the next several days. Fri, 06 Sep 2013 05:24:00 GMT http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ 2013-09-06T05:24:00Z Unfortunately, some of these ... http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ Unfortunately, some of these answers are wrong...&nbsp; <br/><br/>It is correct that a Conventional loan might not be affect by the medical bill, other than the affects it will have on your credit score.<br/><br/>Now, regarding FHA financing, any "collection" over $500, or a combination of $2500, can put a dent in the process-&nbsp; Many times though, FHA will ignore medical collections, it just depends on the dollar amount.<br/><br/>Since your loan is&nbsp;going to be Conventional, I don't anticipate a problem, unless the lender&nbsp;has specific overlays-&nbsp; Be sure to check and see what affects its having on your credit scores though...<br/><br/>Good Luck!&nbsp; Thu, 05 Sep 2013 02:50:00 GMT http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ 2013-09-05T02:50:00Z I'm sorry for your loss. ... http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ I'm sorry for your loss. I've worked with a similar situation. Call the folks that sent you the bill. My guess is that they will cancel the bill &amp; collection threat as it's likely that the billing system didn't pick up on fact that your husband is deceased. In my case they requested a copy of the death certificate (emailed vs. certified). Thu, 05 Sep 2013 01:35:00 GMT http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ 2013-09-05T01:35:00Z there was no estate I only ... http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ there was no estate I only had a $5,000.00 insurance policy it was unexpected death, the bill is for $550.72 and don`t know why the insurance company didn`t pay, my loan is a conventional loan,,thank you for your help. Mon, 02 Sep 2013 18:20:00 GMT http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ 2013-09-02T18:20:00Z If you were not on the bill ... http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ If you were not on the bill and service was not for you,&nbsp;it should not be your debt.&nbsp; Not sure of legal ramifications of debt of an estate, so perhaps you can make a call to the atty that may have been involved in settleling the estate.<br/>How much is bill and should his insurance company have covered the service? Is your new mortgage loan an FHA or Conventional loan? Mon, 02 Sep 2013 17:04:00 GMT http://www.zillow.com/advice-thread/will-a-medical-bill-affect-my-chances-for-a-home-loan/509670/ 2013-09-02T17:04:00Z