My husband is attempting to acquire a mortgage to buy our first home. He has medical debt in collections, but no judgements against him.
He has no other debt. No car payments, no credit card debt…he does have credit cards, but we recently paid the rest off.
Currently we are waiting for his credit score to update, which should be any day based on the 60 days they said it could take, and then his score should be in the 680-690 range.
Does collections need to be paid off before he would be able to qualify? (and yes, all of it is medical debt.)