Credit Card Center Advertiser Disclosure†

Mortgage Loans

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Do you mean 
Reply
Topic Options
Member
thediary
Posts: 11
Registered: ‎02-14-2017
0 Kudos

VA
Options

‎03-19-2017 03:27 PM

Ok. I am in the process of preparing for my mortgage. I slipped up and got a 30 day last month and in October 2016. I will be using the VA loan. Will these 30 days ruin my chances? Should I wait until November when I would only have 1 late? My lender said she would do letters, but will that be enough? I see that since I have more than one 30 day that I would get pushed into manual underwrite, which I dread. Please help.
Message 1 of 3 (448 Views)
 
Reply
Member
thediary
Posts: 11
Registered: ‎02-14-2017
0 Kudos

Re: VA
Options

‎03-19-2017 07:20 PM

?
Message 2 of 3 (398 Views)
 
Reply
Highlighted
Frequent Contributor
VALoanMaster
Posts: 486
Registered: ‎10-13-2015
0 Kudos

Re: VA
Options

‎03-20-2017 03:34 PM

thediary wrote:
Ok. I am in the process of preparing for my mortgage. I slipped up and got a 30 day last month and in October 2016. I will be using the VA loan. Will these 30 days ruin my chances? Should I wait until November when I would only have 1 late? My lender said she would do letters, but will that be enough? I see that since I have more than one 30 day that I would get pushed into manual underwrite, which I dread. Please help.

Hi Thediary,

 

As long as you get an approval through an AUS (automated underwriting system) you should be fine.

 

 

National Mortgage Banker.
VA Mortgage Expert.
Message 3 of 3 (350 Views)
 
Reply
POPULAR LINKS
Credit scores | Credit reports | myFICO Blog | Affiliates

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.