ATTENTION BORROWERS AND REALTORS
Every once in awhile there is an important quirk in how Fannie Mae, Freddie Mac and FHA do things... for some reason if you have any dispute on your credit it will either be denied or have to be done with manual underwriting. It's best to not have any disputes on there. If there is a dispute that is active and has a balance, it will be turned down, no questions. If there is a zero balance it will be manually underwriten with stricter guidelines. There are ways to get the dispute off so please look into the credit report you are working with, talk to your mortgage broker and address the issue; don't ignore it because it will come back to haunt you!
Florida Mortgage Solutions