For Conventional loans there is really no way around this. You will have to remove them.
However, for FHA loans you don’t necessarily have to remove them.
This is true for manually underwritten FHA loans.
So, if you are getting an FHA loan, and your loan office wants to remove the disputes. Ask your loan officer to have the file manually underwritten.
On a manually underwritten loan the underwriter can underwrite the loan “around” the disputes. …Ignore them in other words.
That’s it for today!
Have a good day! …and thanks for reading.
Brett
Did you know even if you have “challenged” credit you can still get a low…
If you receive money from the State or a County sponsored organization for providing foster…
I wanted to address the two most common questions that I get regarding reverse mortgages……
If you purchased a home using your own cash, and now would like to pull…
I wanted to let you know we have a 2% to 5% downpayment and closing…
If you want to acquire rental properties, but you are having issues proving your income…
