Applying for home loan

[Anonymous]

Good morning!

Me and my wife are going to be applying for a home loan shortly, we are newly married, have been in our careers for less than a year so far, and will probably have roughly a 5% down payment for our hopefully 200,000 home.

We will likely have to go through manual underwriting because of these factors. My question is about verification of rent. We have 4 years of rental history with the same complex, with only 1 late payment of ONE DAY within the last year, will this negatively affect our chances or should we not worry?

[kc0039]

One day late from due date? You've been in your profession for a year, what did you do before your profession? School?

[Caldric]

nm

[ShanetheMortgageMan]

Nothing you've mentioned would indicate your loan needs to be manually underwritten.  Why do you think it would?