Here’s one way to get a loan done with existing disputed accounts on your credit.
Does this situation sound familiar?…
You hired someone to work on your credit. Now, you have a bunch of disputed accounts on your credit report.
That’s all fine and good… Until you need to get a mortgage.
Your mortgage guy says “You need to get rid of these disputed accounts before we can get a loan done for you.”
Getting disputes removed can be costly and very time consuming. …and, often this process alone can kill your purchase transaction.
One way to get around this is to use a manually underwritten FHA loan.
FHA guidelines allow the underwriter to do a manual underwrite on your file (assuming you would otherwise qualify for the loan), and close the loan with the disputes intact and remaining on the credit.
Call me or email me if you have questions about your situation. I’ll be glad to help you!
That’s it for today!
Have a good day today! …and thanks for reading.
