Home Buying in 49749>Question Details

sworm76, Home Buyer in Waterford, MI

mortgage questions

Asked by sworm76, Waterford, MI Fri Mar 29, 2013

I am looking for a lender in or around indian River Michigan. I do have 2 judgements on my credit. One will be payed off and the other, which is a hospital bill will be payed down to around $900, they garnished my state tax return, I am just waiting for state to send the funds to them. Do I need to pay off the remaining balance to get a mortgage? Anyone in my area that can help me? I can't seem to get any real answers from anyone, please help!

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3
Jimmy Hill’s answer
Judgments must be paid off unless you have an established payment arrangement with the creditor. In your case it doesn't appear that you do. Pay it off and get a copy of the release of judgment. Indian River is eligible for USDA funds, so you can do zero down(assuming you qualify).
0 votes Thank Flag Link Tue Apr 2, 2013
FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
Purchase a Florida home 12 months after a chapter 13 Bankruptcy
Purchase a Florida 24 months after a chapter 7 Bankruptcy.
FHA will allow a FHA mortgage 3 years after a Foreclosure.
Minimum FICO credit score of 580 required for 96.5% financing.
Bad credit Florida FHA mortgage approvals minimum FICO credit score of 530 required for 90 FHA financing.
No Credit Score Florida mortgage loans & No Trade Line Florida FHA home loans.
http://www.bad-credit-mortgage-lenders.com/
0 votes Thank Flag Link Thu Apr 23, 2015
All judgments must be either paid in full or be on a payment arrangement with 12 months consecutive payments having been made.
0 votes Thank Flag Link Sun Mar 31, 2013
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