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Deep River
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I own a mortgage company, have been writing loans for several years, and prior to that spent 15 years in developing and managing credit based decisioning
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Deep River answered:
Lending answer:
Timely rent history is a key qualifying criterion, especially with FHA insured mortgages.
To prove rent history, you must provide the most recent 12 months of cancelled checks for rent as part of the documentation needed to qualify for a loan. Printouts from your bank's website are acceptable if the image shows front and back.
A letter from the landlord may be acceptable if the landlord is a property management company or holds a property management license in Indiana. You lender will require the landlord to complete a standard Verification of Rent form provided by the lender.
If you have paid a private inividual by cash, money order, or other instrument that is not clearly traceable to you, it will be more difficult.
Timely rent history is a key qualifying criterion, especially with FHA insured mortgages.
To prove rent history, you must provide the most recent 12 months of cancelled checks for rent as part of the documentation needed to qualify for a loan. Printouts from your bank's website are acceptable if the image shows front and back.
A letter from the landlord may be acceptable if the landlord is a property management company or holds a property management license in Indiana. You lender will require the landlord to complete a standard Verification of Rent form provided by the lender.
If you have paid a private inividual by cash, money order, or other instrument that is not clearly traceable to you, it will be more difficult.
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