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

Home Forums Purchase Program To anyone starting the NACA process get your rental verification asap.

Viewing 15 posts - 16 through 30 (of 32 total)
  • Author
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  • #69121
    ibuyhome
    Participant

    Yes @sneakerz4me it is still needed. I would suggest getting one done before qualifying and letting your landlord know that you may have to request another in the future with more recent payments.

    #69124
    sneakerz4me
    Participant

    Thank you. Where can I get the form that the landlord fills out? Trying to have as much done before my ATD event and or speak with a counselor.

    #69125
    imthabomb98
    Participant

    your counselor will send it.

    #69137
    sneakerz4me
    Participant

    Thank you

    #69142
    Dee
    Participant

    This is from the workbook “ … you can provide NACA with a copy of the lease agreement and twelve months of cancelled checks or other documentation such as copies of the money orders with a matching bank statement withdrawal. Note that twelve months of canceled checks must also be provided if you are related to your landlord, or if your goal is to purchase the house you live in. You must also be prepared to provide an explanation, in writing, for any discrepancies between your self-reported residential history and either the residential information on your credit report or the information provided by your landlord”.

    I use bill pay from bank to pay my rent, I plan to send them a print out of all payment made from my account and a copy of my lease.

    #69148
    SaintD
    Participant

    Is there a link to Naca’s verification of rent form somewhere? I do not see the VOR in the workbook, or in an online pdf.

    #69149
    Nelsont
    Member

    See the response from @imthabomb98 yesterday just 3 posts up on this very thread.

    The VOR is considered invalid if you possess them after your landlord fills it out. Your landlord needs to send it directly to naca without handing it back to you. They don’t want you holding onto the form prior to meeting with your MC so if you haven’t had an intake session yet you will be given one at that time.

    #69151
    SaintD
    Participant

    Thanks for the prompt response. I’ve had ATD, and did not receive the form. Just trying to prevent another opportunity of known delay. My counselor said that it would be sent, and it has not. Trying to use this forum as a source of valuable info without being a burden to an already overwhelmed Naca employee. The pdf can be provided to me, and still sent directly from the landlord without me tampering with it after being completed.

    #70723
    suzukilovee
    Participant

    I thought we were not allowed to use Money orders?

    I thought it had to be from our checking account as the bank has to know where the funds are coming from?

    #70724
    BlessedMom88
    Participant

    @suzukilovee I use money orders. I purchase them from my bank so it shows on my statement either with the fee to purchase unless I have cash on hand to pay for it so it just reflects my rental amount .. you can also take a picture of the money order to show as proof. One counselor at ATD suggested I take the money out and go elsewhere to purchase the money order.either way your bank statement will reflect your rental payment amount

    #70725
    suzukilovee
    Participant

    Wow, it really depends who you talk to — They made me go buy personal checks, when I asked if I could do money orders. They was like did you not pay attention at the homebuyers workshop. I was like, im sorry, it was alot of information. I just bought the personal checks… smh…. Im out of the Atlanta area.

    #70726
    BlessedMom88
    Participant

    @suzukilovee yeah it seems that way and it should just be one way around the board. I get the checks and other forms of payment but what if they don’t take personal checks. I was paying cash for years. Getting money orders straight from the bank has been the easiest for me. I don’t see what the big deal is if it’s reflected in bank statements. I notated the payments on my statements when I upload them and so far I have not had any questions. I am qualified but seeking higher amount so I haven’t ran into the next set of underwriters but so far NACA hasn’t said my method is forbidden

    #70727
    jkp2020
    Participant

    @nelsont are you implying that we would need to type up a VOR form or would my MC provide me with one.

    Not everyone rents to an apartment company, so I know it has to be exceptions to this rule. Many people rent to individuals/landlords.

    #70728
    BlessedMom88
    Participant

    @jkp2020 they usually send it when you do your intake appointment. They ask for the landlords address phone number and email. My VOR was sent via email and I just let them know to be looking for it. My counselor let me know when they received it back. You have to first sign the VOR also showing that you’ve given NACA permission to request that info

    #70731
    jkp2020
    Participant

    @blessedmom88 Ook, thanks for this information. But why was she saying go ahead and have this filled out prior to getting the process started?

Viewing 15 posts - 16 through 30 (of 32 total)
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