Equity Home Loans

Are there home loans that do not look at medical bills on credit?

We are wanting to buy a house but my past medical bills is lowering my credit alot. I heard that there are loans that don't look at medical bills. Which ones?

Public Comments

1. Depending on which state you live, unpaid medical bills may be reported to the credit bureau but should not affect your credit score. try to know what is the credit law in your state and ask your loan officer on how he or she can facilitate your home loan. and also there is a statute of limitation on unpaid debts set by each state.
2. Yes and plenty of lenders that do that exact type of loan. Medical bills are the lowest on the scale of important things to look at when deciding to loan money.
3. There are many different loans that don't look at medical bills. A "sub-prime" loan might be the way to go. Most won't look at medical bills over 12 months old or less than $5,000. There is always exceptions to rule as well. I'd recommend calling a mortgage broker in your area and they can find a loan program that will fit your needs.
4. YES!!! We have many lenders that will ignore your medical debt. If your trying to refi or buy a home they will approve you based on other factors. And we can help. www.xclusivefinancial.com