Removing Credit Disputes for FHA Approval

HUD Guideline update regarding Disputed Credit Accounts. Some accounts in dispute do NOT need to be resolved. Small amounts or very old accounts to be specific. See your loan officer for details.

While thankful for the change in guidelines…. There are still people who will need to remove credit disputes from the credit reports before they can get a loan.

Here is how it can be one.

1. Dispute the dispute. Yes, it sounds silly, but it is effective. Results in 30 – 45 days.

2. Get some documentation from the creditor documenting the dispute as ‘resolved’. Results in 30 – 45 days.

3. Have your loan officer Rapid Rescore’ your credit report. Some documentation may apply. Results in 3 – 5 days.

However you slice it, if the disputed credit acount is recent or has a balance, FHA requires that dispute to be resolved.

Tom Burris
DallasLoanGuy.com
Dallas, TX

http://www.dallasloanguy.com/

I write about Texas Home Loans , live in the Dallas, TX area and lend across the entire Great State of Texas!!

Your Texas FHA Expert and Dallas Mortgage Expert.

Tags: FHA Credit Disputes

Currently 1 Comment - Add Your Comment!

dallasloanguy January 6th, 2012

Update….

Not ALL disputes need to be resolved. If they are old or small amounts…. they can remain.
Contact your loan officer for details.!!!

Name* Mail Adress* Blog / Website