We have been preapproved for a home loan but were late on a credit card payment…is this bad?
My husband and I are preapproved for a home loan scheduled to close in about 45 days. We are currently late on a credit card payment because we put down “earnest” money for our new home. We are going to make a payment to get current on all of our credit cards this week. Our loan officer said she will wait until we are current before submitting our final info to the mortgage lender. Are we likely to be denied the loan as a result of late credit card payments so close to closing?
I found a condo in NJ and I am looking for a mortgage loan but I have really bad credit (400s-500s). Any lenders in NJ that anyone has had experience with getting people with bad credit a home loan? I have a good job and i am working on my credit.
actually i just found out my credit is 580… will any lenders willing to work with me in NJ? i called country wide and they couldn’t help me.