Hello,
I’m trying to get some answers on a very simple question….. Is it possible to get a Mortgage/FHA Loan with a bad/poor Credit Score? I’ve been reading all types of forums and blogs on this and I’m not really getting anywhere. The thing is most of my past credit issues are going on 2 years of age or more. Should I pay them off or leave them be? I’ve read that if some things on your report are over 2 years old you shouldn’t pay them off because it will update it and hurt me even more. Is this true? I have no clue. The home I’m looking at right now is only $ 40,000 and I make nearly $ 24,000 yearly gross and I have plenty for a down payment. Should I just get all my information together and apply for an FHA Loan and cross my fingers?? Pretty much what I’m asking is, are there companies/lenders that don’t really punish you for bad credit as long as you can prove that you can afford the loan??

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