Is there anyway to get a fha loan with a 615 credit score and one collection of $1200?

Asked by, O Fallon, IL Thu Jan 31, 2013

All other accounts have a zero balance or are being paid ontime and as agreed. Please leave name and number or web address.

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Riccardo War…, Agent, Bolingbrook, IL
Mon Feb 18, 2013
We start lending at 580 for FHA. Let me know if I can be of assistance.

Sean Cochran
630-470-6830 office
630-330-2229 cell
0 votes
Michael Smith, Agent, Edmonds, WA
Mon Feb 18, 2013
I recommend talking with a good loan officer.
0 votes
mcmann.julie, Home Buyer, O Fallon, IL
Mon Feb 18, 2013
My bank told me the FHA credit score had to be over 640. Is this true?
0 votes
Marge Haworth, Agent, wood River, IL
Thu Jan 31, 2013
if you have an active collection you are proabably going to have to pay that off.You don't say how old ( I belive 2 years before it has less impact) it is or weather it is actual or disputed. Both which would add consideration. New FHA guide lines are credit score 530 no bad debt over 1000. - Call Tom Detiente at Mortgage first - he is pretty resourceful and can get you the answers you need.
618-656-9011. Hope that helps.
You can check out my website to compare property too - ""
0 votes
Yolanda Hove…, Agent, OFallon, IL
Thu Jan 31, 2013
Hello ~

Your previous question was answered by two mortgage lenders with their contact info. Please go back and check their info so you can call or check out their website.

Or you can e-mail me and I'll give you a couple of local lenders' names to choose from. Have a super day!

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