lenders need to see an on time pay history for the last 24 months
and they want to see that collection accounts have been resolved.
If you have had a slow pays in the past or collection accounts, these
issues can be resolved so that you may qualify for a mortgage.
Families requiring time to work on resolving credit issues will receive
one-on-one credit/homeownership counselor in to develop an action
plan and monitor their progress as they continue their path to homeownership.
This process is staff intensive and will generally require multiple
visits between the credit/homeowner counselor and potential homeowner
over a period that usually ranges from three months to eighteen months.