One of the top issues I run into as a mortgage broker is being able to verify a borrower's past rental history. Although not always required, when the bank decides they have to have the past history, they make no exception to what they will accept. If the borrower rented from an apartment complex or a property manager, they accept a verification of rent form, but most times they will also need a copy of the rental ledger. The issues arise when the borrower rented from an individual person. The only acceptable documentation is 12 months cleared checks for the rent history (front & back of check) They will not accept a letter from the landlord, and you have to have all 12 consecutive months.
If you are looking to purchase a home in the future, I urge you, please use checks and keep copies.
Sol Nicoletti
Affordable Home Funding
Branch Manager
813-404-6934
www.solnicoletti.com
About Me
- solnicoletti
- Experienced Mortgage Broker, Serving the Tampa Bay Area for over 13 years..
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