Removing Credit Disputes for FHA Approval
I just wrote an article about a recent HUD Guideline update regarding Disputed Credit Accounts.
While thankful for the change in guidelines.... There are still people who will need to remove credit disputes from the credit reports before they can get a loan.
Here is how it can be one.
1. Dispute the dispute. Yes, it sounds silly, but it is effective. Results in 30 - 45 days.
2. Get some documentation from the creditor documenting the dispute as 'resolved'. Results in 30 - 45 days.
3. Have your loan officer Rapid Rescore' your credit report. Some documentation may apply. Results in 3 - 5 days.
However you slice it, if the disputed credit acount is recnt or has a balance, FHA requires that dispute to be resolved.
I write about Texas Home Loans , live in the Dallas, TX area and lend across the entire Great State of Texas!!
Your Texas FHA Expert and Dallas Mortgage Expert.