consumer credit counseling: Can I get an FHA loan if I used consumer credit counseling? - 12/21/10 03:52 PM
If I have used a consumer credit counseling payment plan am I still able to apply for an FHA loan?   The good news is, YES.  However there are some steps that must be taken.
 
Participating in a consumer credit counseling payment program does not disqualify somebody from obtaining an FHA  mortgage.  This is providing that the lender documents one year of the pay-out period has elapsed under the plan and that the buyers payment performance has been acceptable, meaning no late payments on accounts or rent.
 
It is imperative that the buyers loan officer help them receive written … (5 comments)