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can you qualify for fha loan with one late mortgage payment?

by mnmarcus22669 from Wilton, Connecticut. May 6th 2015 Reply


Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 598 contributions

Typically yes. Most lenders allow one late in a 12 month period

May 6th 2015
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Dotty Owens (do1025)
#1 ranked lender in Connecticut - 21 contributions

Hi Derick, It would depend on when the late payment occurred and what your credit scores are.

May 6th 2015
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Ron Pippin (RonPippin)
#26 ranked lender in Utah - 158 contributions

yes... if that is all that is all that is wrong in the credit report. Credit scores and other credit history could play a factor... for good or bad.

May 6th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Yes, but understand that for lending purposes, Late means "30 or more days" late. you can have 1 30 day late payment, in the past 12, and it cannot be in the last 6 months.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

May 6th 2015
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Jericho Cherry (Jerichocherry)
#56 ranked lender in Virginia - 1,107 contributions

Yes you can, providing you meet all the other qualifications.

May 6th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

Yes as long as you meet the other credit, income, debt ratio, loan to value, job stability requirements. I would contact a local loan officer and have them review your information and have them present you all of your available options. Best wishes, Sean

May 6th 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,243 contributions

Depending on the details, yes - but all other details of your qualifications matter as much or more.

May 7th 2015
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