Is it possible to get approved for an FHA loan if I have a federal Perkins grant in default?
I am getting conflicting answers from two different lenders. I asked this question last week, but it was removed before I could read all the answers. Any advice?
Correction-Federal Perkins Loan (not grant). Thanks!
Tags: approved, default, Federal, grant, Loan, Perkins, possible
2011/08/03 at 21:34:45
No you can not have any government loans in default…a grant you do not pay back, a loan you do, the federal perkin is a loan not a grant
2011/08/03 at 20:55:36
no as a defaulted federal loan will kill that deal for you so get it caught up now