Yes, it is a possibility. Your FICO scores need to be done by the Lender since Consumer FICO reports and Mortgage Credit Repository FICO's now use different scoring criteria. FHA does allow certain collection to be set aside up to $5000. You also want to work with a Lender who can provide UPFRONT loan approval and self-underwrites with the ability to make an individual credit approval decision. My company is MOVEMENT MORTGAGE. We not only review your credit file to see if we can assist in enhancing your score, we will fully process and UW your mortgage application in 7 business days WITHOUT having selected a property.
FREE ONLINE APPLICATION: www.movementmortgage.com/rebecca.crawford
Complete online application and collect your credit application documents: 2 years Tax Returns with W-2's including all applicable schedules and attachments, Current Paystubs covering one month, Bank Statements covering 60 days, and credit explanation for derogatory account with any available supporting documents. I answer all Applications in 24 hours. If you want to get more information email me at email@example.com