Coneventional loan

[Anonymous]

Hi, 

i was looking at trying to get a conventional loan because fha loan max is kind of low where I'm at. Problem is we have quite a few late payments from 2019 and most recently 2020 from a company never telling us the remaining balance owed. 

Will these late payments hinder it? Is there anything I can do to make the odds better? 

All accounts have been settled and our DTI is good, income is good, job history and length of credit are good. 

[Mortgage-Specialist]

What are your mortgage scores and what % are you putting down (for down payment)?

[Anonymous]

Middle score is 622 and we plan on putting down 5%. The late payments are a year old now as well. 

[Mortgage-Specialist]

That's gonna be tough one. Possible but tough