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Can I get a loan if I have been late on my current loan within the past 12 months?

by deapri12138 from Cary, North Carolina. Nov 29th 2017 Reply


Lynn Bossi Kinsel (LynnKinsel)
#40 ranked lender in Virginia - 61 contributions

Honestly it depends on what your other credit looks like. a 30 day late showing on your credit will have an impact on your score but if your other credit is paid on time the impact might not be huge. I'd be happy to speak with you more about your situation. Lynn Bossi-Kinsel NMLS#295819 804-677-8588 Mason-McDuffie Mortgage.

Nov 29th 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,333 contributions

More info needed.. but the short answer is possibly. . for lending purposes, a payment is late if it's 30 or more days past due.. if you have 1 x 30 day late in the past 3 months.. then you will need to wait till there's been none in the past 90 days... If you have had only one, and it's past 90 days, you can apply now.. you will need to explain why the payment was late, but that's a formality.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Nov 29th 2017
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