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How can I show rental history if I am currently living with parents? I am paying them rent every month.

by peter330 from Aneth, Utah. Sep 26th 2016 Reply


Linda Miller (Linda Miller)
#2 ranked lender in Utah - 566 contributions

Do you pay them with a check or bank transfer? If you pay them with a check you can show 12 months cleared checks. If you pay with bank transfers you can show bank statements for 12 months. If you pay cash you can try a letter from your parents saying you pay $xxx.00 each month. That might work. It depends on the type of home loan you are doing. If you have other questions, feel free to call me. Linda Miller 801.550.1222. I'm in Utah.

Sep 26th 2016
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Kirk Anderson (KirkAnderson)
#24 ranked lender in Arizona - 50 contributions

Peter,As Linda mentioned, if you can provide cancelled checks/bank transfers for a 12 month period, and the amount is the same each month, and the date of payment is also consistent, you would be fine. Cash payments for Rent however would not be an option. Feel free to call me with any questions, Kirk at 877-262-4050. NMLS #459105

Sep 27th 2016
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,414 contributions

12 months canceled checks, 12 months bank statements showing transfer, or 12 months cash withdrawals equal to what you are paying in rent.. Realistically, this is only asked for when the borrower has some credit issues.. so it's possible even if none of the above verification will work, then you still might be approved.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Sep 27th 2016
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