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late rent payments affect mortgage?

i was late on rent twice in the last 3 years. i do not know if lenders check rental history but i'm nervous about this. i have not had a late payment for 13 months, however, and received salary increase so i don't anticipate any trouble with paying my mortgage and my credit is above 710. can i still qualify for a low rate? by christopherwaites... from Plymouth, Massachusetts. Oct 27th 2014 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,041 contributions

You should not have a problem. Late payments on rental history will not result in a higher rate, but it could disqualify you if there were any in the past 12 months, but only payments that are over 30 days late are a concern for the lender.. if you were late a week or two, it wont be an issue. 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

Oct 27th 2014
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Scott Haggerty (sthaggerty)
#6 ranked lender in Rhode Island - 8 contributions

All loans, regardless or program, get run through an automated underwriting system. If your loan receives an approval, you do not need a Verification of Rent. Based on the information provided, I do not think you will need to worry but it is always best to pick a Bank/Lender and have them prequalify/preapprove you for a loan.

Oct 27th 2014
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Steven Karp (stevek81)
#29 ranked lender in Massachusetts - 122 contributions

Hi Christopher, you are fine, not to worry....my office is in Hingham and I live on the Cape...feel free to contact me if any interest in chatting or emailing...FYI.....your neck of the woods qualifies for USDA loans with no money down, rate about 3.75%..good stuff.....food for thought....Good Luck... Steve Karpwww.homeloanbank.com781-640-5592 cell

Oct 27th 2014
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Richard Shapiro (RShapiro)
#12 ranked lender in Massachusetts - 71 contributions

If you are putting 5% down, I would not expect this to be an issue at all. Please It may be benneficial to get a prequal/preapproval. I can help you with this with no charge or obligation. I am local to the area too.

Oct 27th 2014
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Peter Costa (peter@easyappsmortgage.com)
#31 ranked lender in Massachusetts - 6 contributions

you will be fine. We are a MA broker that is local and close to you in Plymouth. (Stoughton) We have lenders that will approve buyers like yourself without checking a 12 month rental history. (based on your credit of 710), etc.. I would be glad to help you and go over your specifics. Feel free to contact me anytime!-Peter Costa, President, Easy Apps Mortgage, Inc. Direct: 617.290.2795 NMLS# 49688 & NMLS MB#182564

Oct 27th 2014
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Dave Metsker (DaveMetsker)
#38 ranked lender in Oregon - 2,317 contributions

You should be fine. Contact one of the fine members of this forum.

Oct 27th 2014
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Robert Oliveira (roberto)
#13 ranked lender in Massachusetts - 89 contributions

You will not and should not have any issues at all.Call me or email me I am local in Mass. Robert Oliveira Province Mortgage 508 802 0935 or robertoliveira51@gmail.com

Oct 27th 2014
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