HUD, the parent of FHA, does not allow credit disputes on the following:

1. Outstanding collection accounts that are not medical collections.

2. Charged off accounts

3. Late Payments in the past 24 months

4. Derogatory public records such as bankruptcy, foreclosure, deed-in-lieu of foreclosure, short sale, child support, federal and state tax liens, judgments, delinquent student loans, and other derogatory credit tradelines.

EXEMPT FROM CREDIT DISPUTES

1. Medical collections

2. Non-medical credit disputes that are on-time payments and good standings.

3. Non-medical disputes with zero balance.

4. Non-medical credit disputes with total credit tradelines with under $1,000 Outstanding Balance.

5. Collections and charge off accounts, late payments, older than 24 months.

VA, USDA, NON-QM, FANNIE MAE and FREDDIE MAC are normally EXEMPT from credit disputes. We have a YouTube live video aired today September 25th, 2023 at 10 am hosted from GCA Mortgage Group which we will post on this thread. Contact Gustan Cho Associates if you have any questions.