I have a question for our mortgage pros out here.
I have a medical collection on my Credit Report for $1342 for my DW surgery back in 2003. The lady Im working with at the bank is unsure if I need to pay this collection off prior to preapproval since FHA guidelines change daily. My question is does FHA still look past medical collections or have they enforced a monitary threshold?? I can pay off the collection with Simulus Money but I didnt want to have to use it for that purpose if I didnt have too.
Thanks,