I have a financial obligation that includes gone into collections. How can that effect my eligibility for an FHA loan? If one or maybe more a borrower’s loans or debts have already been turned up to an assortment agency by way of a creditor, and also the total of these balances is $2,000 or higher, then your loan provider must confirm that your debt was compensated in full ahead of FHA loan approval, or that the borrower has made enough…