How Does My Credit History Impact FHA Qualification?

The FHA is generally more flexible than conventional lenders in its qualifying guidelines. As we show you in this Team NuVision video, the FHA allows you to re-establish credit if:

• two years have passed since a bankruptcy has been discharged
• all judgments have been paid
• any outstanding tax liens have been satisfied or appropriate arrangements have been made to establish a repayment plan with the IRS or state Department of Revenue
• three years have passed since a foreclosure or a deed-in-lieu has been resolved

If you prefer to pay debts in cash or are too young to have established credit, there are other ways to prove your eligibility. Talk to your lender for details.