How badly will a 30-day late payment hurt our mortgage approval?

T

TrebekTyman

New Member
My husband and I have been working on our credit. We got preapproved for a mortgage, made an offer on a house, and someone made an offer on ours. Today, we saw a 30-day late payment on my husband's credit report, and it appeared after approval. The bank entered our?banking information incorrectly, so the payment was returned. They never told us about it, even when I called only yesterday to make our monthly payment. I will tell the lender. But how much will this affect us? Credit Karma shows a 100-point drop, bringing scores into the 500s. I know that isn't what lenders look at. We called the bank, and they are refusing to remove it.
 
Yeah, I’d bet it’s gonna mess with the interest rate they always do one last credit check right before closing, right? Fingers crossed it all works out for you, good luck though
 
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