Anonymous asked in Business & FinanceCredit · 2 months ago

Could my FHA loan be denied now?

I recently got approved for a loan and bought a house. However I understand before closing they pull your credit again. I haven’t gotten any new credit cards or loans but my score did drop 20 points. It’s still 626 now which I know is still acceptable with a FHA loan but now I have a collections on my account. It’s a very small medical collections of $1000 could this affect my closing on a home now? I’m very worried. I’d hate for an old medical to bill to completely mess this up for me. 

3 Answers

  • 2 months ago

    Yes, it could. Pay it and get proof you paid it in case the underwriter or the lender's attorney bring it up.

  • Anonymous
    2 months ago

    U have a bill for $1000 u need to pay or should have paid before asking for a loan.

  • Anonymous
    2 months ago

    Its possible they make you pay the $1000 before approving you.  I knew of a woman whose dad was cosigning for her house. She had no credit except a 5-6 year old bill for something and they insisted it be paid before they funded the loan.

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