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Can I get a mortgage? I have good credit and low DTI but I have been late twice on my student loans over the last 6 months. Will that have an effect on getting qualified?

by georing749 from Albany, Texas. Apr 9th 2018 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

More info needed.. but in general being late on an installment loan will not preclude you from getting a loan approval.. Understand that unless your payment was more than 30 days late, it wont show on the credit report.. so if that's your scenario, the it will have zero affect.. however, if you were over 30 days late, then depending on what other outstanding credit you have,and the payment history,,, it might or might not have an effect. again, more info needed.. 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

Apr 10th 2018
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