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VA

thediary
Member
‎03-19-2017 03:27 PM
‎03-19-2017 03:27 PM

VA

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.
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thediary
Member
‎03-19-2017 07:20 PM
‎03-19-2017 07:20 PM

Re: VA

?
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VALoanMaster
Established Contributor
‎03-20-2017 03:34 PM
‎03-20-2017 03:34 PM

Re: VA

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.
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