Credit affected by loan modification on investment prop - how can I get a mortgage on a new home?I am looking for a lender to finance a new home, we plan to put 40-50% down- home value $700k.We have always had excellent credit 780 but we had to let a rental property in Phoenix that we bought at $160k, now valued at $70k, become delinquent so we could get the bank to modify the loan. The loan modification is done but my credit shows past due history only on this loan. This is the only delinquency we have ever had. Is it possible to locate a mortgage on a new home which will be our main residence?May 19 2012 - Encinitas00YesReport 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.