Rural Development Approval with open collections

[lmason1976]

I have recently found what I think is my dream house, I applied with 2 different lenders, my mid score is 663. One said that I had to pay all of the open collections to get the loan and the other said that everything looked good and he thinks that it will be no problem.  I am so excited, yet worried, why would one say no problem, when the other said the collections need to be paid off?  I just am hoping this all goes smoothly and I'm not told later that they have to be paid?  Have any of you gotten a rural development with open collections?  They are a variety of things, old cell phone, old cc and old bank account.

[Muschock]

I did have to pay one collection that was 2600$. I did not have to pay smaller ones but I did anyhow. I think it depends on the internal overlays from whomever you get the mortgage...not USDA.

[trix_r_4_kids]

I did an RD loan with an open collection that I was able to pay at closing.