VA Derogatory Credit & Collections: I have a veteran with a low 623 credit score, collections and spotty history on other loans, which is why I have a refer/eligible. How will the underwriter handle the collections on a manual underwriting?

Answer: Your underwriter will be using the criteria below to evaluate your borrowers.  From the information you’ve provided, I’m not sure that they will be able to meet the requirements below.  In these situations, the underwriter decides if they can approve the loan, but it sounds like your underwriter will want to see a solid […]

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