Another benefit to going with an FHA loan is the higher loan limit, which is as high as $729,750. This can be a real lifesaver for those living in high-cost regions of the country (this limit has since dropped to $625,500 as of 2014).
How long it stays on your credit report: CCJs stay off your credit report if you pay your debt in full within 30 days of receiving the order.Otherwise, it will stay on your credit report for six years from the day of judgment, regardless of payment.ow long it stays on your credit report: Although a DRO typically lasts a year, it will stay on your credit report for six years from the date the arrangement starts. Defaulted debt.
A default, satisfied or not, will stay on your credit file for a period of six years after the default (five in Scotland). They can to the best of my knowledge, only be removed if they were placed on your account without going through the correct procedure. 16th May 2012, 14:58:PM #3. VIP Member.