Can you get approved for a home purchase if your middle beacon score is 628 and you have a couple of open collection accounts more than 4 years old?
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Answer

Yes, you can. You are a prime canidate for an home loan. Those collections can be explained in writing by you, and excused by the bank.

Answer

Yes, though you probably will not qualify for the best rates. If your collection accounts are still active, you would be advised to pay them off, if you can.

Talk to a mortgage professional who specializes in BCD loans. There are plenty of mortgages available for people like you.

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