How soon after judgement is paid can i apply for a mortgage?

How soon after judgement is paid can i apply for a mortgage?How soon after judgement is paid can i apply for a mortgage?
RichEventNN asked 3 years ago

Hello,

 

I have recently paid off a judgement that was on my credit report.  We are currently renting and have to move in a few months.  We were hoping to purchase a home.  Our credit scores are all in the low 600’s and moving UP as we pay down our credit cards.  I have read that once the judgement has been satisfied and we provide proof, we can apply.  I have also read that some mortgage lenders will NOT approve a ‘newly paid off judgement’. 

 

I was hoping to get some feedback on which it is.  The judgement is paid, so that’s good no matter what.  I just want to know if we will qualify in the next few months to apply for a mortgage.

 

Appreciate the feedback.

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