mortgage and tradeline requirements

[treschic]

I have seen that FHA and some mortgage programs requires you to have 3 tradelines with 12 months of positive history.  i'm just wondering, do these accounts have to currently be open or have been closed within a certain amount of time? i'm wondering if let's say, i have a credit card, and had a car loan and a personal loan, but the car loan and personal loan were paid off 3 years ago, but had perfect payment histories.  would these count towards the 3 tradelines or do they want something more recent, and if it is closed, it would've had to have been closed within the last few months? 

[treschic]

bump

[ShanetheMortgageMan]

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angiepharm wrote:

I have seen that FHA and some mortgage programs requires you to have 3 tradelines with 12 months of positive history.  i'm just wondering, do these accounts have to currently be open or have been closed within a certain amount of time? i'm wondering if let's say, i have a credit card, and had a car loan and a personal loan, but the car loan and personal loan were paid off 3 years ago, but had perfect payment histories.  would these count towards the 3 tradelines or do they want something more recent, and if it is closed, it would've had to have been closed within the last few months? 

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I've been finding more and more often that lenders want those trade lines to have been opened in the past 12 months.