Home Buying in 02895>Question Details

moose, Home Buyer in Woonsocket, RI

60 day late on car payment 12 m ago due to insurance claim. PIF. Will this disqualify me from FHA. 670 FICO

Asked by moose, Woonsocket, RI Sun Jun 7, 2009

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2
You should sit down with a local lender and go over your situation. FHA and conventional mortgage
allow for certain late payments with a valid reason that can be documented.
0 votes Thank Flag Link Thu Mar 6, 2014
No. You will be fine. The 60 day late was 12 months ago. Your credit score should allow you to have a DU Approval providing that your employment, income and assets verify satisfactory.
0 votes Thank Flag Link Sun Jun 7, 2009
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