need a mortgage on a second home from a lender that allows 1 30 day late 6 months ago

[Anonymous]

I have reached a wall as I cant find a lender that will allow 1 30day late along with a letter of explanation so I can get mortgage loan. any suggestions?

[Anonymous]

is the late a mortgage late...

My guess is that the file as a whole is lacking and this is the easy excuse they are using.  1 non-mortgage late will not stop a loan usually unless they are looking for a reason to say no.

[Anonymous]

yes mortgage late.  they told me it was just the late that kicked it out of underwriting.  my scores are 680-720 and i have good w2 income.

[Anonymous]

with a late in the last 12 months it may need to go through AU.  AU does not kic out for one reason, but for the whole file.  If AU is saying no, have them try differnet numbers (more down, higher cash reserves, etc), but basicly you may be out of luck.  2nd home  (vacation or investment) financing is very tight right now.

[BrianB_The_Loan_Professor]

AU will kick out a mortgage late within the last 12 months

this is going to be very difficult

good luck - I would call around to all of the banks and just ask