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Verification of rent, could I be denied for this?

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glendazamot
Regular Contributor

Verification of rent, could I be denied for this?

So today I got my conditional approval, have submitted all of my conditions except this one.  The problem, I have been paying with money orders and and I have not been kepping copies of the receipts ( I know, I dropped the ball with this one).  Now, can my loan be denied simply because I can not provide a copy of the receipts?

Message 1 of 5
4 REPLIES 4
tooleman694
Valued Contributor

Re: Verification of rent, could I be denied for this?

They should be able to contact your landlord to verify.

Message 2 of 5
chasmith
Valued Contributor

Re: Verification of rent, could I be denied for this?

I went through this with NACA, because I paid my landlord by ACH transfer.  They had a verification letter that had to go from the MB (NACA) direct to the landlord and be returned direct to them.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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Message 3 of 5
Sunshine85
Frequent Contributor

Re: Verification of rent, could I be denied for this?

Do your bank statements show a monthly cash withdrawal equal to the amount you pay for rent? If so, you might be able to provide copies of bank statements, along with a letter explaining the withdrawals were used to purchase money orders for rent.

Message 4 of 5
glendazamot
Regular Contributor

Re: Verification of rent, could I be denied for this?

Yes I went through my bank statements and I am able to show the withdrawls but can someone please help me write a letter of explanation without making seem irresponsible on my part not to keep the receipts of the money orders... Please!! I am so scared my loan will be denied for this. My broker at first had told me at first that the lender wasnt going to ask for rent verification if my credit score is above 640 and its not (its 665) but apparently they are asking for it.

Sorry for the typos - on my iphone.
Message 5 of 5
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