Qualifying for an FHA Loan without proof of on time rental p
Qualifying for an FHA Loan without proof of on time rental paymentsI was curious if I could qualify for an FHA loan WITHOUT having 6-12 months of consistent on time rental payments. I could write the LOE of all LOE's with what I have gone through over the last 2 years, but I have been my current rental home for a year and a half now and have always paid. At this point, I only have 1 month of on time payments and plan to keep it current going forward. But my question is if I am trying to qualifying under the FHA Non-Traditional credit option, will this be my downfall?I have found a great piece of property and would hate for this one to get away and at this point, the rental payment proof is my only concern.
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(Source: mortgagefit.com)
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08-06-2008, 05:25 PM
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