HELOC After A Late Payment
Had a late mortgage or rent payment? At least one HELOC we offer allows one 30-day late in the last 12 months, as long as none fell in the last 6 months.
What a HELOC after a late payment requires
Each item below is a requirement or rule of at least one HELOC we offer.
- No 30-day late mortgage or rent payment in the past 6 months, and no more than one in the last 12 months.
- At another program, no mortgage 30 or more days delinquent in the last 6 months with a score of 640 or higher.
- At that program, a score from 600 to 639 looks back 24 months instead of 6.
- At another, no 30-day late mortgage payment in the last 24 months and no mortgage currently delinquent.
- Past-due consumer debt no more than 90 days past due at closing. Debts further behind are paid off at or before closing.
- At least 12 months of mortgage payment history, reported or verified, at one program.
One late can be okay
Six months is the key window
Rent history counts too
Score changes the lookback
Older past-due debts paid off
Mortgage history verified
Can You Get A HELOC After A Late Payment?
Often, yes. The question is when it happened. Lookback windows run from 6 to 24 months depending on the program and your score.
A late payment does not end your HELOC options. At least one HELOC we offer allows one 30-day late mortgage or rent payment in the last 12 months, as long as there were none in the past 6 months.
Another program looks back 6 months on your mortgage when your score is 640 or higher, and 24 months when it is 600 to 639. A third wants no 30-day late mortgage payment in the last 24 months. For a first mortgage, see our page on late mortgage payment history.
Other debts matter too. At least one program allows past-due consumer debt only up to 90 days past due at closing, and anything further behind must be paid off at or before closing. At another, the underwriter treats several 30-day lates, or any 60-day or worse late, as a serious delinquency.
Why use Saxton for a HELOC after a late payment
This page is for homeowners with a recent late mortgage, rent or credit payment who want to know where they stand for a home equity line.
One Late Is Not Fatal
At least one program allows one 30-day late in the last 12 months, with none in the past 6.
Rent Counts The Same
At that program, the same rule covers mortgage and rent history.
Your Score Sets The Window
Another program looks back 6 months at 640 and up, and 24 months from 600 to 639.
Some Look Back Two Years
At least one program wants no 30-day late mortgage payment in the last 24 months.
Clear Old Past-Due Debts
Consumer debts more than 90 days past due must be paid off at or before closing at one program.
We Match The Timing
We line up the date of your late payment with each program’s window before you apply.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about getting a HELOC after a late payment.
Yes, if the timing fits. At least one HELOC we offer allows one 30-day late in the last 12 months, as long as none fell in the past 6 months.
It depends on the program. Lookbacks run 6, 12 or 24 months, and at one program a score from 600 to 639 means the longer 24-month window.
At least one program applies the same rule to rent as to mortgage payments: no 30-day late in the past 6 months and no more than one in 12.
At least one program declines any mortgage that is currently delinquent. Get current first, then check the lookback windows.
Yes. At least one program allows consumer debt only up to 90 days past due at closing, and anything further behind must be paid off at or before closing.
Yes. At least one program’s underwriter treats a 60-day or worse late, or several 30-day lates, as a serious delinquency that gets a careful review.
Possibly. At least one program accepts a 600 score on the home you live in, with no 30-day late in the past 6 months. At another, a score from 600 to 639 needs 24 clean months.
Find out what you qualify for
Tell us when the late payment happened and we will show you which HELOC windows you already clear.
Get Pre-Qualified- Consumer Financial Protection Bureau, home equity loan compared with a HELOC
- Consumer Financial Protection Bureau, mortgages
Loan amounts, rates, terms, and eligibility are subject to credit approval, asset and income verification, appraisal, and program guidelines. Draw requirements and variable rate terms apply. Program availability varies by state. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.