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FHA Late Payment Requirements

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Jinx Guest 0.10 Dollars($)	Posted: Fri Nov 09, 2007 4:31 pm    Post subject: FHA Late Payment Requirements I had a late payment 13 months ago on my mortgage. Does anyone know what FHA requirements are for late payments?
livinginnky Moderator Joined: 08 Sep 2007 Posts: 596 23.69 Dollars($)	Posted: Fri Nov 09, 2007 5:19 pm    Post subject: It is case by case. I believe the guideline is you have to be current for 12 months. Why was it late? That is the first question they will ask. Have any other bills been late? _________________ Eric Matthews Mortgage Refinance and Home Loan Guide
jenkin7 Joined: 04 Jun 2007 Posts: 939 140.77 Dollars($)	Posted: Sat Nov 10, 2007 3:13 am    Post subject: Hello Jinx, The reason for being late is important. How much late was that? FHA considers the entire credit history rather than concentrating only on the late payments. It will be easier for you to qualify if the late payment did not exceed 30 days.

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