Zillow Advice: FHA and VA Loans - Was led to believe I could get FHA loan , invested 3 weeks with lender , made offer of home . HELP http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ Zillow Advice | Zillow Real Estate Unfortunately, the late payments ... http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ Unfortunately, the late payments are really going to hurt your ability to obtain any loan for a bit. I would recommend spending time repairing your credit. I'm sorry for the problem you had with your lender, but things like that happens sometimes. The only way you would be able to obtain a loan now is if you have a hefty down payment. A down payment of 30%, maybe 20%, may allow lenders to overlook your financial history.<br/><br/>Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me.<br/><br/>Good Luck!&nbsp; Wed, 18 Sep 2013 18:42:00 GMT http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ 2013-09-18T18:42:00Z I don't know many lenders ... http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ I don't know many lenders if any who would give you a loan with multiple&nbsp; mortgage late payments within the past 10 months. The Loan Officer you chose was obviously just a order taker. Seems that we have a bunch of those in our industry now. They work on a small commission and work on value. All they do is throw everything against the wall and hopefully something will stick. I hate to be the bearer of bad news but, I can tell you now with 100% certainty you will not find a lender who can offer you financing under these circumstances unless you have 20% down. Sorry.<br/><br/> Wed, 18 Sep 2013 02:50:00 GMT http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ 2013-09-18T02:50:00Z Your best bet is to forget ... http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ Your best bet is to forget your "dream home" and enroll in a credit repair service offered by many banks and mortgage co. - for a fee - that will put you on a schedule. &nbsp;Once certain payment are made and time has passed with a clean track will garantee a loan.....assuming the property appraises etc. &nbsp;It sound like you wasting you time dealing with marginal people and companies that promise yes up front, but are a never deliver. Wed, 18 Sep 2013 01:24:00 GMT http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ 2013-09-18T01:24:00Z [Promotion and website removed ... http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ [Promotion and website removed by Zillow moderator. Please see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a> for more information.] Wed, 18 Sep 2013 00:55:00 GMT http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ 2013-09-18T00:55:00Z You may be eligible becuase ... http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ <p>You may be eligible becuase its a rolling late but however you will be hard pressed to find a lender to close the loan. Your bigger concern is the loan modification.&nbsp; Some lenders will not do loans becuase of the loan modification.&nbsp; I would ask the lender for a denial letter.&nbsp; If it was because of the lates they should of said wait 30 or 60 days&nbsp; until you are 12 months past them&nbsp;but my guess&nbsp;since they didnt state that there is some other reason that is not being spoke about.</p> Tue, 17 Sep 2013 23:54:00 GMT http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ 2013-09-17T23:54:00Z You cannot have any 30 day ... http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ You cannot have any 30 day lates on any mortgage within the last 12 months. They should have caught this as soon as they pulled your credit report. You will have to waiti until 12/1 to do anything so the lates fall off. Have you tried to see if they can order a credit supplement to see if they can challenge the late payments reporting? Tue, 17 Sep 2013 22:52:00 GMT http://www.zillow.com/advice-thread/Was-led-to-believe-I-could-get-FHA-loan-invested-3-weeks-with-lender-made-offer-of-home-HELP/511774/ 2013-09-17T22:52:00Z