Posted on: 30th May, 2012 01:57 am
A judgment has been showing on my credit report since 2006. Will it affect my chances of qualifying for a mortgage? I have a credit score of 680.
Hi Sulle,
With a credit score of 680, it will be difficult for you to qualify for a conventional loan. You may get a FHA loan. As per the new rules of FHA, you may have to give an explanation as to why you have that judgment on your credit report.
Thanks,
Jerry
With a credit score of 680, it will be difficult for you to qualify for a conventional loan. You may get a FHA loan. As per the new rules of FHA, you may have to give an explanation as to why you have that judgment on your credit report.
Thanks,
Jerry
Hi Sulle,
I agree with what Jerry has said. To know all about the new FHA rule, check out the given page: http://www.mortgagefit.com/blog/new-fha-rule/ .
Thanks
I agree with what Jerry has said. To know all about the new FHA rule, check out the given page: http://www.mortgagefit.com/blog/new-fha-rule/ .
Thanks
The above link has NOTHING to do with your question.
Bottom line: Judgment will have to be paid.
Bottom line: Judgment will have to be paid.
