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Income Verification

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ms3270
Established Member

Income Verification

When applying for an auto loan, are pay stubs the only form on income verification? I'm a real estate agent so I do not have weekly/biweekly pay stubs and want to be prepared when I start my search.

Message 1 of 4
3 REPLIES 3
Anonymous
Not applicable

Re: Income Verification

Depending on your scores and the lender you may not need to provide any income verification.  If your scores are mid 600's or above and a decent debt to income ratio you probably won't be asked for income documents.  I always suggest getting approved through a credit union before shopping Penfed, DCU are great options.  They will work with you on income verification if needed, better to go that route than going through a dealership which is more likely to request income documentation regardless of if the actual lender really needs it.

Message 2 of 4
ms3270
Established Member

Re: Income Verification

Thanks! Scores are 700+ and DTI is around 10% so hopefully I'll be good to go. I will check out Penfed and DCU too.

Message 3 of 4
Anonymous
Not applicable

Re: Income Verification

I am sure you will be fine.  

Message 4 of 4
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