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FHA changes can affect your ability to get approved for a mortgage

Posted on March 9, 2012 by Ray Williams (NMLS #216267).

As of April 1st, 2012 FHA is changing a few potentially important things to you. This could affect your ability to qualify for a mortgage.

If you have accounts you are disputing or collections that are unpaid , pay attention!!

Even though in the past you could get away with not paying off old collections, you may need to now. If the total of collections on your credit is >$1,000 (sum) then you will need to either pay them off, or have shown 3 months payment history to the collection agent on a payment arrangement.

To apply for an FHA mortgage , click here

Call with questions Ray Williams, Branch Manager Summit Mortgage, 303-779-0591 x101

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