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Company Loan Type APR Est. Pmt.

FHA loan

Posted on: 28th May, 2012 01:07 am
Hi there. Please help. Are debts to be paid off within 9 months of closing considered in case of an FHA loan?
If you have debts which you paid off within a given period of time, it will be considered as a positive item when you apply for a loan. This is irrespective of being a conventional or an FHA loan.
Posted on: 28th May, 2012 02:30 am
Hi Villay!

Welcome to forums!

If you have paid off the debts in full, you won't have to worry about it. It will be considered as a positive item in your credit report. It will be considered while you take out a FHA loan.

Feel free to ask if you've further queries.

Sussane
Posted on: 28th May, 2012 09:35 pm
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