Does an inactive credit card affect approval for my construction loan?
First-time buyer with a new construction loan ready to get approved. I have a credit card that was closed due to inactivity a few months before closing and I want to know if this would affect approval. The limit was only a thousand on the card. by irenesaringenriqu... from Brooklyn, New York. May 3rd 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
Too many variables to answer the question, but for the vast majority of people, I doubt it would have any meaningful effect. I lend in MN WI IA ND SD, find me at JoeMetzler.com - Cambria Mortgage, NMLS 274132
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