Regular Contributor
How2increase
Posts: 200
Registered: ‎03-02-2012
Re: Do old chargeoffs/collections and lates matter for FHA?

As long as those things are taken care of and you have a strong payment history after that, you should be fine. if anything a good LOE will probably work well.

 

As far as the collection, I've always been told to NOT touch them, as it will update as a new collection. Did you in fact pay it? Or just thinking about it? 

Jan 2012 TU 517 EX(fako) 524 EQ 470
Current score LENDER PULL TU 652 EX 641 EQ 617
Yayy we made it!!!