Had a similar issue last year when I refinanced. They flagged a random Venmo payment from a friend who owed me for concert tickets. Seriously, who keeps receipts for stuff like that? Had to dig through texts to prove it wasn't shady. Annoying, but I get why they're cautious—still, where do we draw the line between careful and paranoid?
Went through something similar recently. Had a tenant pay rent via Cash App once, and the lender grilled me about it during refinancing. Had to screenshot our entire convo history just to prove it was legit rental income... felt a bit invasive honestly. I get they're trying to avoid fraud, but there should be clearer guidelines on what's considered suspicious. Maybe lenders could provide a heads-up checklist beforehand, so we're not blindsided by random stuff like this?
Had something kinda similar happen when I was applying for my mortgage. My mom sent me money through Venmo for a couch she bought off me, and the lender flagged it as suspicious income. Had to awkwardly explain that no, I'm not secretly running a furniture business out of my apartment... 😂 Agree though, clearer guidelines would save everyone some headaches. Maybe lenders could chill a bit on small transactions? Seems like they're getting stricter every year.
Yeah, lenders are definitely getting pickier lately. Wonder if it's more about regulations tightening or lenders just being overly cautious? Seems kinda silly to flag small Venmo payments...maybe they're just bored and need something to do, haha.
"Seems kinda silly to flag small Venmo payments...maybe they're just bored and need something to do, haha."
Haha, seriously. But honestly, it's probably less boredom and more about lenders covering themselves. I've noticed lately they're really zeroing in on anything that could hint at undisclosed debts or side hustles. Quick tip: before applying, keep your accounts clean—no random Venmo notes like "Vegas winnings" or "pizza debt repayment," lol. Learned that the hard way when my lender raised an eyebrow at a $20 payment labeled "fantasy football losses"...awkward conversation ensued.
