u/Less_Cover8706

I am just finishing up my masters degree and finally joining work force. I am terrified as I was hoping to buy a house in a year however I just found out I had a 30 day delinquency report for a car payment. I will send goodwill letter (with little hope) as I was not notified about the payment not going through until 45 days after due date. Regardless, if the GW letter does not get approved, how big of a situation will I be in for getting a mortgage in 12+ months from now? Appreciate any advice.

Edit: credit score was 730 prior to this event. Not sure where it will land. Wife with clean credit around 720. Combined income $230k. Looking for $400-500k house.