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.