Honestly, having a top-tier credit score made the initial steps smoother for me, but it didn’t save me from the endless requests for documents. The last property I bought, my lender still wanted explanations for random transfers and side hustle income—even with a 790 score. I do think having multiple mortgages makes things more complicated... lenders seem to get extra cautious. For my first place, it felt way easier, but now they want to know everything about every account. Even with perfect credit, you’re still jumping through hoops—just maybe slightly fewer of them.
TOP-NOTCH CREDIT SCORE DOESN’T MEAN EASY STREET
I’m about to close on my first place and I’ve been wondering the same thing. My credit’s in the high 700s, and I kinda expected that to mean a smoother ride. But honestly? The paperwork still feels endless. They wanted pay stubs, bank statements, letters about deposits—stuff I didn’t even know I’d need to explain. I get that they want to make sure I’m not hiding anything, but sometimes it feels like they’re just looking for reasons to slow things down.
Is it just because I’m self-employed? Or is this just how it is now, no matter your score? I thought the whole point of having great credit was to make this process easier, but it seems like you just get a slightly shorter obstacle course. Maybe it’s better than if my score was lower, but “easy” isn’t the word I’d use. Anyone else feel like lenders are just extra paranoid these days?
Honestly, even with a killer credit score, lenders are gonna want to see everything but your childhood report cards these days. Being self-employed does add a few extra hoops, but trust me, everyone’s buried in paperwork now. Credit helps with rates, not red tape.
Honestly, I thought my 800+ score would make things a breeze when I refinanced last year. Nope—still had to dig up years of tax returns, bank statements, the whole nine yards. The rate was good, but the process? Still a slog. Credit helps, but it’s not a magic key.
Credit helps, but it’s not a magic key.
Totally agree with this. Here’s how it usually goes for me: 1) Get excited about my credit score. 2) Start the process, thinking it’ll be quick. 3) Realize I still need to dig up every financial doc since college. Credit score gets you in the door, but paperwork is still king.
