Is it possible to get a FHA loan with a large collection on CR? The collection is out of statutes of limitations but not old enough to drop off CR. FICO was 647 last I checked. Also in the state of Texas can a Realtor use their commission as their down payment?
Loc: Los Angeles ,CA
The collection alone is not what determines whether or not you will qualify for the loan. You have to look at the full picture. Income,Credit History, Monthly Debt
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