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I pay rent to a private landlord via Venmo, can I use Venmo statements for verification of Rent?

by nessielop537 from Sacramento, California. 26 days ago Reply


Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,211 contributions

If your lender is requiring Proof of on-time rent payment, the documentation must show that you were the one that made the payment, the amount of the payment, The date of the payment and who the recipient was. If your Venmo account can show that, then it should be OK. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR, WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

26 days ago
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,265 contributions

The vast majority of lending programs DO NOT require a verification of rent. If you do need one, it must always be independent third party verification. Cancelled checks for example. Depending on what you can get from VENMO, it may may or may not be acceptable. VENMO doesn't really give statements, but you can get some printouts. This is another great example of why all these new systems, while popular, can cause problems. I suggest people use a standard regular checking accounts. Good luck. Cambria Mortgage, NMLS 274132. I lend in MN Wi IA SD ND. Find me at JoeMetzler.com

24 days ago
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