No late mortgage payment in
the last 12 months. Major credit history is excellent. Prior
bankruptcy / foreclosure discharged or settled prior to last
5 years.
A-
Good
No more than two 30-day late
mortgage payments in the last 12 months. Major credit
history is good. Prior bankruptcy / foreclosure discharged
or settled prior to last 3 years.
B
Fair
Two or more 30-day late
mortgage payments in the last 12 months. Major credit
history may include one 60-day late payment in the last 12
months
Prior bankruptcy / foreclosure discharged or settled prior
to last 3 years.
C
Needs
Improvement
No more than 60 days late on
a mortgage payment in last 12 months. Major credit
history may include up to a 90-day late payment in the last
year. Prior bankruptcy / foreclosure discharged or
settled prior to last 3 years.
D
Needs
Improvement
No more than one 90-day late
mortgage payment in the last 12 months. Major credit
history may include poor payment history. Not currently in
bankruptcy.
American Lending
Institute, Inc. is an equal opportunity housing lender