Did you know that DU-approved conventional loans do not require collections or non-mortgage charge offs to be paid off as long as the financed property is a one-unit primary residence? Need more details? PM me and let’s chat!
Related Article Title: Medical Collections & Investment Property Financing Question: How do Fannie Mae and Freddie Mac look at medical collections for an investment property? MC Chart – Collections & Judgments Answer: For Fannie: DU Underwritten Loans For one-unit, principal residence properties, borrowers are not required to pay off outstanding collections or non-mortgage charge-offs—regardless of […]