FHA in TX Community Property State Fiance with 50k+ in unpaid PRIVATE student loan Collections

[DallasLoanGuy]

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@StartingOver10 wrote:

Actually conventional is quicker and easier.

If you can PFD that collection you should be able to rebound. The best thing also about conventional is the MI drops off after your LTV reaches 78% automatically and FHA MI is for the life of the loan for a 30 year loan.

Also your wife's debt won't be included. She needs to figure out what to do anyway with her debt but that is a separate issue from the house purchase.

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^^^

i read all of this fast.... but this is what i would likely suggest

[Rocd]

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@DallasLoanGuy wrote:

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@StartingOver10 wrote:

Actually conventional is quicker and easier.

If you can PFD that collection you should be able to rebound. The best thing also about conventional is the MI drops off after your LTV reaches 78% automatically and FHA MI is for the life of the loan for a 30 year loan.

Also your wife's debt won't be included. She needs to figure out what to do anyway with her debt but that is a separate issue from the house purchase.

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^^^

i read all of this fast.... but this is what i would likely suggest

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Thank you for your recomendation.