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FHA loans

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Guest	Posted: Mon Feb 21, 2011 5:25 pm    Post subject: FHA loans Like 0 Dislike 0 In the state of Florida when a account is paid in full but has in dispute on a credit report will that stop you from being approved for an FHA loan.
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Mon Feb 21, 2011 5:29 pm    Post subject: Like 0 Dislike 0 FHA guidelines state that an account in dispute will automatically drop an approval to a manual underwrite - Many banks do not want to have this in a file they are selling so they add their own guidelines and just deny applicants that have accounts in dispute. The problem is they want the security of being able to fall back on an automated approval. If you have a dispute they lose that luxury. B _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com

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