Will multiple mortgage lates mean a denial?

[Anonymous]

Thank you. Great advice. 

I was hoping that I may have a shot with a conventional loan down the road!  I have the down payment and have a bit of equity in my home as well.

I thought I knew everything about HIPAA, since I work in healthcare! Had no idea I could use it to get a delete! Thank you so much!

[coterotie]

Hey my wife is director of HIPAA and Security for a major University hospital system and she doesn't know about it.

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@JSHammet wrote:

Thank you. Great advice. 

I was hoping that I may have a shot with a conventional loan down the road!  I have the down payment and have a bit of equity in my home as well.

I thought I knew everything about HIPAA, since I work in healthcare! Had no idea I could use it to get a delete! Thank you so much!

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[Anonymous]

DallasLoanGuy,

Thank you for your input.

So you wouldn't touch it even if I had shown 12-18 months of everything on-time prior to it hitting your desk?

Do you think I have about the same wait time as someone with a foreclosure - and assuming I have squeaky, clean

credit from here on out; no lates, low utilization, no collections, and a reasonable increase to my fico score?

[Anonymous]

DallasLoanGuy,

Thank you for your input.

So you wouldn't touch it even if I had shown 12-18 months of everything on-time prior to it hitting your desk?

Do you think I have about the same wait time as someone with a foreclosure - and assuming I have squeaky, clean

credit from here on out; no lates, low utilization, no collections, and a reasonable increase to my fico score?

Thank you!

[DallasLoanGuy]

i didnt realize you were looking 18 months down the road.

expect a manual underwrite and the tight guidelines that entails. but you need to be perfect from here on

[Anonymous]

Great! 

Thank you for that! Makes me a bit hopeful again!

[Anonymous]

+1

[Anonymous]

+2

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@JSHammet wrote:

Can I even qualify for another mortgage?

I am wondering about the underwriting process once I have a qualifying credit score.

 Looking to qualify for another mortage in about a year. 

I am salaried at $82K- started job last month, new job (but not new to the field)

The following are mortgage lates:

I have 30 day lates for:  8-12, 9-12, 11-12 

I have a 30 day late for every month in 2013, except for May and July

I have a 30 day late for 1-14, 2-14, 5-14

I have a 60 day for 3-14, 4-15, 6-14, 7-14, 8-14

and one 90 day in 9-14

On October 26th, I paid $5624 and brought it current, 

I have one paid judgment on my report,  

$50 paid medical collection,

few lates on student loans that are going into repayment in January (previously deferred) 

and a car that was paid in full in 2011, but reporting as a paid charge off since it was late.

Is 12 month on-time payments enough?

Any suggestions or thoughts?

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