A loan is needed? Is is possible?We recently had a loan modification on our current home. During the process they stated that is would not hurt our credit. However, it hit our credit with a sixty day late. We would like to rent our current house and buy something else that fits our family. We were told that we do not qualify for a FHA loan because of the late on our credit. We can not have a late within the last year. Do we qualify for anything that is not FHA or does that follow FHA rules? Or does this 12 month rule impact all loans? If we did qualify what would that loan look like?February 18 2010 - Redlands00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.