To anyone starting the NACA process get your rental verification asap.

[ibuyhome]

So what I’ve now learned is that getting rental verification isn’t all that easy. The format in which is needed is a ink signed rental ledger with a business card or business stamp on the document. Rental property companies are hard to deal with and you really have to stay on top of them when it comes to this. This document want required of me until I was close to the final stages of NACA approval. I’m currently doing all I can to get this done but finding it difficult.

So if you’re lurking these forums I would highly suggest at the very least get your previous year of rental verification done. It will be one less thing to have to worry about. Of course you would probably need to await until your soon to have your application put through for your current residence since you need your most current rental payment included but go ahead and knock that last year one out of the way.

Wish I knew this at the start.

[Nelsont]

Rental verification and employment verification are 2 of the bigger hold ups in the process. The employment verification will need to be done a second time by phone immediately before you close on your house. People often don’t answer the phone and don’t return voicemail.

[ibuyhome]

Thanks Nelson. I was not aware of that pertaining to the employment verification.

[TattedQueen87]

My apartment management wouldn’t fill out the verification form. Said they could only provide a ledger. Not sure why they are so difficult about it.

[BlessedMom88]

What if we aren’t utilizing a rental company rather a person or family! What would our verification look like? I’ve been mentioning my desire to own a home and him possibly being contacted or receiving paperwork to verify but I don’t want him to refuse because he has to turn in things he may not have since he doesn’t have a company or various properties.. letterheads etc.

[Nelsont]

Get them to write a letter explaining who they are in relation to you, that you live with them at said address and have lived at said address from a specific date until today. Have them mention whether you contribute to household expenses or not. Then have them wet sign it and date it.

It does not matter whether you contribute to household expenses. The UW just want to match up your bank statements. Like if you are not paying rent or buying groceries or paying utilities then where is your money going? But if you are then they should be able to see regular common expenses.

This letter will need to be updated with the current date and wet signed every time you meet with your MC or have a condition from qualification, credit access and bank app. So it’s a good idea to have it saved on your computer so you can just change the dates print it out and sign it.

[BlessedMom88]

Thanks! I live in an apartment with my child! Just wanted to make sure my landlord didn’t need business cards, letterheads etc! I have his mailing address and email not sure if they would need fax number to get the verification! Just trying to cross my Ts and dot my Is! I’ve been obsessing since I decided this was something I wanted to do and I’m trying to reduce any issues! Thanks again for you insight!

[Nelsont]

The letter is essentially an affidavit. They don’t need official credentials. Wet signing and dating a written explanation is “legal” and good enough.

[Alikay]

@blessedmom88 my MC sent me a form where my landlord just had to fill in the dates for 12 months- when the rent that was due, rent that was paid. It asked if I paid on time or if there were any issues. Then sign.
We filled out the dates part (because we thought that was most tedious) and the amounts etc and gave it to them to put of we were late yes or no and if there were any issues and to sign. I don’t know if that’s just something that happens out of my office.

[Alikay]

Also we filled out the form and gave it to them to finish up because we weren’t allowed to have it after they signed. It had to go straight to NACA. So we gave them the email address.

[BlessedMom88]

Thanks @alikay! I’ll make sure I get all contact email and whatever else and confirm that they have received it so that it’s done in a timely fashion! Thanks for your help! Eases my worries a tad bit! I’m probably overthinking everything!

[bella427]

I have an intake session 7/12 to purchase in Nj. I have a question regarding the VOR (landlord verification) this is my situation ….

I have lived at the same address since 2012 in with my own space and entrance for a 1 bedroom apt on the first floor of the house. The house is owned by a long time family friend, which is technically an illegal apartment in NY.

Due to such circumstances, I withdraw money from my checking account each month and provide rent in cash
Is there any other options besides the VOR if he is unwilling to sign it (since it’s illegal income ramifications ) ?

And, if he does fill out the VOR, then where does that info go to…and is there a potential for him to get in a financial issue due to the record of rental income? I don’t want that to happen.

I read on a NACA blog about possibly a money order payment may suffice.

[imthabomb98]

i usually pay my rent with a money order, how do i get proof of payments?

[Taco]

@bella427

I wish I knew who the VOR form went to. I get what you’re saying about trying to protect your landlord from any additional issues. I usually pay my landlord with money orders. My landlord filled out the VOR one time and refused to fill it out after that. He’s a realtor and I believe he wasn’t pleased that I was moving and not using him as my realtor.

After that,I made sure my MC had a copy of the top of the money order, the receipt showing the purchase, and a print out of my bank statement showing where that Rent amount left my account. I did that every month until I was qualified (so maybe 2-3 times?)

🌮Taco🌮

[sneakerz4me]

Is the rental verification form from the landlord necessary if you have 12 months of proof in your bank accounts via electronic transfer or checks…?

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