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Chase requirements/USDA loan

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WannaHouse
Valued Contributor

Re: Chase requirements/USDA loan


@ShanetheMortgageMan wrote:
Judgment will most likely have to be paid but collections are OK not to be.  Let the underwriter condition for the judgment to be paid, don't pay it ahead of time.  Brian is right, your credit will get you a streamlined approval process for all other parts of the approval (no rent verification, no explanation for the medical collections).  Chase has a pretty good Rural Development division, but I use them as a backup to TBW's since their rates sometimes aren't as attractive.

 

Our mortgage broker told us to go ahead and pay the judgement off, and find our house. Does this sound right? All I can find on here is to pay judgements at closing. 


Kathy


We are finally homeowners!!

Closed May 5th-30 yr fixed at 5.25%.

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