Support Home Loans How long does a loan need to be open to qualify for a skip payment? How long does a loan need to be open to qualify for a skip payment? The loan needs to be open 6 months to qualify for the skip payment. Related Questions: Are there international fees when using your credit card out of the country? Payment Protection Product Sheet - Consumer Loans Visa Credit Card Design Codes HELOC and LOC Review Procedures Was this article helpful? Yes / No