Posted on: 08th Sep, 2009 01:30 pm
if i have a 7400.00 collection that i am currently paying am i still able to get a mortgage? My credit score is about 625. I have no other collections.
if you are on a payment plan and can document the payments you've made so far, etc. then most lenders will allow you to continue that plan while granting you a mortgage. all things being equal, that 625 score will be good enough to allow you to obtain an fha mortgage.