Can I get a loan if i was 120 days late within the lat year?

More info needed.. FNMA talks says if you had just one 120 Day late payment in the last year, you are ineligible for financing.. But for multiple 120 late payments,, lenders might make you wait 2 years,, or put you in the same category as a "pre-foreclosure".. which would mean you have to wait 2 to 4 years for financing.. FHA guidelines say you cannot have any late payments in the past 12 months.. but again, with a 120 day late payment, most lenders will make you wait 2 years... I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Realistically? Probably not... anything more than two 60-day late payments on a mortgage loan in the past 12 months is going to create problems.