Trying to get a VA loan about three years after a bankruptcy and 1 late payment is killig me!

[Anonymous]

I am trying to re-finance to a VA loan. Our bankruptcy was discharged Jan 09, but one late payment after that is killing me. I think it is true, but I disputed it anyways. Just wondering my success rate on getting it removed-or any other options I might have.

My husband tried to start his own buisiness, but we got way too far in debt- with materials purchases to continue and had to file for BK.

Thanks any who respond?

[BrianB_The_Loan_Professor]

welcome to the forum

if you can get that removed your chances are good - a late after a BK is not a kiss of death but close to it -

how are the scores and the rest of the scenario> If it is solid you may get past the late - the farther away from it you are the better the chances.

B

[Anonymous]

Scores are fair basically 635 or so, not too bad considering the BK. I am trying to get the latest 3.75 for even a fair rating with the VA loan. This seems fine to them , but as soon as they hear about the late payment they back off. I am just wondering if maybe the banks might not respond and I might get it taken off-or are they pretty good about that stuff?

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@BrianB_The_Loan_Professor wrote:

welcome to the forum

if you can get that removed your chances are good - a late after a BK is not a kiss of death but close to it -

how are the scores and the rest of the scenario> If it is solid you may get past the late - the farther away from it you are the better the chances.

B

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[Booner72]

People say Post-BK Lates are NOT GOOD.  However, there is hope.  I had about 9 post-bk collections and even a post-bk judgment.  I was approved and closed on an FHA home at 4.75%.

[Anonymous]

I think if it is whether or not they are willing to put in the extra effort of assuring a good reason for the late- I think my husband being laid off would a good- he actually took a job with a non-union company, he got fined and then the comapny went union? figure that!