Are their loans for people with recent mortgage lates?

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I am int he process of selling my home since my market is wayyy down and im getting out now and i went to get a new mortgage and they said i was pre approved so i wet ahead and built my house well now its time to close and they said they cannot do the loan since i haev a recent late from october and december 07? we haev a fico of 650 and nothing else is late or currently behind. i was using a program equity accfelerator and after a few months i was not happy so i cancelled and they had not made that months payment and i was under the impression they had so i made my next payment and so forth and then found out i was late when i was getting pre approved, but with the lender knowing i was late still preapproved me and now im facing losing my home built for me and im in escrow with the one im selling all ready? any advice? my lender suggests an adjustable since i have the lates but i have heard bad about those any ifo would be appreciated thanks

2 Comments
  1. Reply
    Lisa E
    May 1, 2011 at 8:28 am

    . The market is getting tighter. There are a lot of things to factor in like what LTV you are trying do to. How much money you have in the bank and so much more. depending on loan amount you might be able to do an FHA loan. With a good letter explaning why you had the mtg. late. I know loan officers that can do loans in all states so maybe you might want to get a 2nd oppion. If you would like you can email or IM and I can get you there numbers. No it is not me I am so not a Loan officer I would never want that job.
    Please know there are a lot of thing that have to be factored in on something like this.

  2. Reply
    Deborah Kirk
    May 1, 2011 at 9:27 am

    Hi
    I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($ 60,000 USD) that I was in dire need of even with a bad credit. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address charles_lenders@yahoo.com Please tell him that Deborah Kirk he gave out a loan to me . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.

    Thanks.
    Deborah Kirk

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