IS the credit check on a FHA/Va rehab loan as strict as a bank?
My credit has remained dormant in the US for 16 years. Went to get a credit check and got a reply "not enough information". Back then, i had some unpaid debts "Post 911 unemployment" and left the country. If I were to return, these would be wiped off my record? Anyway, I am a us veteran how hard would it be for me to obtain a federal loan to buy a fixer property and a credit check is not as critical to rehab a property vs the banking system? Would the federal government do a check on my current credit? I am moving back to reality, where homes are 250k-350k for your average blue collar home vs 850-1.2 million for Surrey Blue color homes. Almost all of Surrey BC Canada 85-150k homes have been razed and monster east indians homes with illegal suites were put in there place. So I will see what my new life in Tacoma brings.