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.
The record of your SBA loan, charge-off and all, will fall off your credit report seven years from the date it became delinquent and subsequently was charged off. So, it will be removed from your credit report in 2015.y business went bankrupt in 2008, resulting in a charge-off on an SBA loan. Since the SBA loan is also in my personal name, that charge-off is on my credit report.