When you miss a mortgage payment by thirty days and do not make it up the next month by making a double payment you will have a rolling 30 day late payment showing on your mortgage payment history.When qualifying for an Alt-A or subprime mortgage, most lenders will allow up to six rolling 30 day late payments to only count as a 1X30(one 30 day late). This is for loan qualifying purposes only, keep in mind that having a series of rolling late payments will also have a very detrimental impact on your credit score
Most lenders will allow Rolling 30 day lates. However some don't.
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subject to change without notice. All loans are subject to credit approval.
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