When does a late mortgage payment get reported?

According to Experian®, mortgages, like all loans, have a specific grace period. If you pay your mortgage during this time, your late payment will not be reported to the credit bureaus and your credit score will not suffer, nor will you pay a late fee. Any mortgage payment delayed by more than 30 days is reported to the credit bureaus and can damage your credit score significantly.

Most mortgage payments are due on the first of each month, after which there is a grace period (mentioned in the loan contract). The grace period differs with each lender, but is generally around 15 days. So even though the due date is the first, you have until the 16th to pay that month’s mortgage without getting a late fee. Missing payments beyond the grace period will attract a late fee (usually about 3% to6% of the monthly payment).