Delinquency
Delinquency is the state of being past due on a loan payment, beginning the day after a missed due date.
What Delinquency means
Lenders report delinquencies in 30-day buckets: 30, 60, 90, and 120+ days late. Each stage does more damage to your credit and moves you closer to default and foreclosure.
Florida example
A single 30-day delinquency can knock 60–100 points off a Florida buyer's score and may delay a mortgage approval. Most loan programs require 12 months of clean payment history before approval.
A missed payment
Delinquency means a payment is past due. A loan becomes delinquent the day after you miss the due date, and it grows more serious the longer it goes unpaid.
A 30-day delinquency hurts your credit, and 90 days or more can start the foreclosure clock.
Getting back on track
Contact your servicer the moment you know a payment will be late. Options like a repayment plan or forbearance can stop the damage.
Early action protects your home and your credit. Reach out and we will help you find the right fix.
Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.