Buying | A House After Debt Settlement

: You must demonstrate zero missed payments on all accounts since the settlement was finalized.

“A mortgage advisor said it is ok as the account will be closed and that is all that lenders will want to know about as it stops the outgoing amount each month, and not whether it was paid in full or not.” Facebook · First Time Home Buyers · 3 months ago On Hidden Hurdles buying a house after debt settlement

“My biggest gripe is the major lack of transparency with the settlement companies... there's also a 21% charge on top of the settled debt once the account is settled. I wish I had known how excessive these fees were.” Reddit · r/personalfinance : You must demonstrate zero missed payments on

The type of mortgage you choose significantly impacts how long you must wait after your debts are settled: I wish I had known how excessive these fees were

“You should be OK with an FHA loan but even with a simulator it's really not accurate to project a credit score with that many variables that far out.” Reddit · r/CRedit · 1 year ago To give you more specific advice, could you tell me: What is your current ? How long has it been since your last debt was settled ? Are you looking at a specific loan type (like FHA or VA)?