Maybe it depends on who you talk to or if you catch them on a good day?
I get what you’re saying about the underwriter being flexible, but I’ve actually seen the opposite at bigger banks. Even after years as a customer, they wouldn’t budge on reserves—401k or not, if it wasn’t liquid, it didn’t count. Maybe it’s just a credit union thing?
And yeah, the paperwork is wild. I once had to dig up a lease from three tenants ago just to satisfy some random checklist. Sometimes I wonder if they even read half the stuff they ask for...
- Totally hear you on the paperwork circus. I swear, every time I apply, they want proof my dog’s been house-trained since 2012.
- Big banks are brutal with reserves—if it’s not cash or a checking account, forget it. Credit unions do seem a bit more human... sometimes.
- Hang in there. It’s a pain, but once you’re through, collecting rent feels that much sweeter.
Honestly, it can feel like they’re just looking for reasons to say no, right? The paperwork is wild—last time I applied, they wanted a letter from my employer, my side gig, and even my roommate. Totally agree on credit unions being a bit more chill, but even then, there’s hoops. I’ve seen folks get through with less-than-stellar credit though, especially with a solid plan and some persistence. It’s a slog, but it’s not impossible. The first rent check really does make all the hassle fade a bit.
Yeah, the hoops are wild. I swear, next time they’ll want my dog’s references too. Did you have to explain every deposit in your bank account? I got grilled about a Venmo payment from months ago. Is it always this intense, or did I just get unlucky?
Honestly, it’s gotten pretty wild lately. Lenders are all about the paper trail now, especially if your credit isn’t spotless. I’ve seen folks get asked about $20 transfers from months ago—like, who remembers what that was even for? Sometimes it feels like they’re just looking for any reason to slow things down. But yeah, it’s not just you. The process has definitely gotten more intense, especially for rentals. I’ve even had clients joke about needing to provide their cat’s vaccination records next.
