Have you been told by your loan officer that you could get a mortgage, but you will need to get disputes removed from your credit report first?
For those of you who have disputes, and either don’t have time to get them removed, or are having trouble getting them removed there is a way to get a mortgage with the disputes still on your report.
FHA manual underwrite.
FHA’s rule is that if you are disputing accounts who’s balances exceed an aggregate of $1,000 then the file is automatically downgraded to a manual underwrite.
…but, you can still get approved for a mortgage with a manually underwritten loan.
Just wanted you to be aware of this.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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