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Judgment liens for medical expenses may be acceptable if a <br /> repayment plan is established and payments have been made for <br /> at least the previous 12 months . <br /> Regardless of an applicant ' s credit history for the previous <br /> 12 months , an applicant ' s credit will NOT be considered <br /> satisfactory if the applicant ' s credit history shows : <br /> - Any charge offs that were not subsequently paid or <br /> discharged in a bankruptcy <br /> - Active judgments against the applicant <br /> - Repossessions with a remaining balance payable . by the <br /> applicant <br /> - Bankruptcies that have not been fully discharged for <br /> two years with no new negative credit history <br /> 2 . Credit Requirement for Rehabilitation and Impact Fee <br /> Loans <br /> Applicants for rehabilitation and impact fee loans will be <br /> deemed to have satisfactory credit if the applicable credit <br /> report shows that there is no active charge off or judgment <br /> against the applicant . <br /> For rehabilitation loans or grants to very low and low income <br /> households in the Gifford Front Porch Community or to low or <br /> very low income households using SHIP funds as match for CDBG <br /> funds , Residential Construction Mitigation Program ( RCMP ) <br /> funds , or other state and federal rehabilitation funding , no <br /> credit requirements shall apply . <br /> 3 . Credit Requirements for Rehabilitation and Impact Fee <br /> Grants <br /> No credit requirements shall apply to rehabilitation or <br /> impact fee / capacity charge grants . <br /> e . Homebuyer Status <br /> Eligible persons utilizing assistance from the IRCLHAProgram to <br /> purchase a new or existing housing unit shall not have owned or held <br /> title to a housing unit anytime within the three ( 3 ) year period <br /> prior to receiving any application approval for participation in the <br /> IRCLHAProgram . <br /> f . Home Inspection <br /> For applicants applying for both SHIP funds and a loan from a <br /> financial institution , the applicable financial institution shall , <br /> based on its appraisal report and/ or internal policy , determine what <br /> type of home inspection is needed . The financial institution shall <br /> arrange for the inspections through their established procedures and <br /> shall be responsible for all approval contingencies . <br /> For owner financed loans , the county shall require a termite <br /> inspection for all existing housing units to be purchased with SHIP <br /> funds . The county shall also require the following inspections for <br /> all existing units five years or older to be purchased with SHIP <br /> funds : <br /> Roof <br /> Plumbing system <br /> - Electrical system <br /> Heating and air conditioning system <br /> All county required inspections must be performed by public service <br /> licensed inspectors ; registered or certified residential , building , <br /> or general contractors ; or licensed trade contractors as <br /> appropriate . Home inspection reports requested by the county shall <br /> 35 <br />