I have a 656 mid score and I’ve been pre approved and am currently under contract on a house. Scheduled to close in 4 weeks. It hasn’t gone through underwriting yet and I’m concerned I may get denied because of a late gas bill payment from 11 months ago. I was on a payment plan with the gas company for about 6 months prior to July of last year to get caught up on my bill while my wife was in school full time and not working. The account became current July 2013 but I was unaware the company was reporting the late payment each month until July. Could this cause my fha loan to be denied during underwriting?

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Filed under: Real Estate

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