It’s wild—good credit gets you better terms, sure, but not less paperwork.
That’s exactly it. I went into the process thinking my high score would mean a smoother ride, but honestly, it just changed which hoops I had to jump through. The rate was great, but the underwriter still wanted receipts for every little thing. At one point, I had to dig up a screenshot of a refund from a canceled Amazon order because it showed up as a random deposit. Felt like I was prepping for an audit, not buying a house.
I get that they’re just doing their job, but it’s a weird feeling when you realize your financial life is under a microscope. Having good credit definitely helped with the numbers, but it didn’t save me from the endless requests for documentation. If anything, I started second-guessing every transfer I made—like, is this $50 from my friend for concert tickets going to come back to haunt me? The spreadsheet idea is genius, though... might have to steal that if I ever do this again.
You nailed it—good credit gets you a better rate, but the paperwork grind doesn’t really change. Lenders are laser-focused on “source of funds” for every deposit, no matter how small or random. It’s not about trust, it’s about compliance. I’ve seen folks with spotless credit still get tripped up by a $30 Venmo from a buddy. The system’s just built that way. Honestly, prepping like you’re getting audited isn’t far off... and yeah, spreadsheets help, but even then, expect curveballs.
- Ran into this exact thing last year.
- Credit score was solid, but the lender still wanted a paper trail for every random deposit—even birthday money from my grandma.
- Had to dig up screenshots and old texts just to explain a $50 transfer.
- Honestly, felt like I was prepping for a tax audit, not buying a house.
- Spreadsheets helped, but there were still surprises... like, who knew they'd care about a refund from a canceled concert?
- Good credit helps with rates, but the process is still a grind.
Yeah, I’ve been through that maze a few times. Even with an 800+ score, lenders still want to see every cent moving in and out of your accounts. I remember having to explain a Venmo from my brother for splitting pizza—felt ridiculous. Credit score definitely helps with rates and approval, but the underwriting process is just as nitpicky as ever. It’s wild how much documentation they want these days... sometimes I think they care more about paperwork than the actual money.
Honestly, I thought refinancing with a high score would be a breeze, but it felt like I was prepping for an audit. They wanted explanations for every deposit—even the $20 my aunt sent for my birthday. The credit score definitely opens doors, but yeah, the paperwork is relentless. Sometimes I wonder if they’re just testing our patience more than our finances... It’s almost like a rite of passage at this point.
