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Federal Judgement and FHA Loan

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Readytomove Guest	Posted: Fri Jun 24, 2011 2:39 pm    Post subject: Federal Judgement and FHA Loan Like 0 Dislike 0 I have applied and been approved for a home loan. My offer has been accepted and we are on the way to close, however, my lender called me today and informed me that I have two judgements against me. One from a landscape company that took me to small claims court, won a judgement, and I paid them immediately. The other one is with the Department of Justice. I do have a debt as I was a former federal employee and owe over $75k, but I am on a payment plan enforced by a judgement where I must pay 10% of my gross monthly income from work towards repayment and I am doing that. The judgement occurred in 2009. Will I still qualify for my FHA loan?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Sun Jun 26, 2011 9:14 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! As you've paid off one of your judgments and you're in a payment plan to pay off the other judgment, I don't think you'll face problems in getting a FHA loan. I will suggest you to contact the local lenders and start applying for FHA loans. Feel free to ask if you've further queries. Sussane

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