HomeFAQCan I get a mortgage with a charge-off?
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Can I get a mortgage with a charge-off?

Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker

Often yes. A charge-off is a defaulted account the creditor wrote off, but it doesn't automatically block a mortgage. FHA is the most flexible, and underwriting focuses on your recent payment history.

Large charge-offs may need to be addressed, especially if they threaten the lender's lien position. We'll review what's reporting and structure the file so it can clear.

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