I have a 1st home buyer client who we are looking for a lending FHA or possibly a 203k loan for or private lender. He does have a couple hurdles and seeing if there are any lenders out there.
1. Mid Fico 600-610
2. Has several collection accounts that are over 2+ years ago. Ranging from $500-$18,000
3. No late payments on current bills IE car payment 2+ years, 2 credit cards 1 year, dep…
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