Contract that provides information about the payment and terms for renting a property.
You may be asked to provide a copy of a rental agreement for property if the income is used to qualify for a loan.
Additional verification may include:
- Receipt of the tenant’s security deposit and verification of the deposit into your account
- 2 months of bank statements showing rental income deposits
- Most recent tax return with Schedule E if you’ve owned the property for 12 months or more
Tips for a smoother application process
- Make sure documents are clear and legible.
- Don't alter any pages (no strikethroughs, cross-outs, etc.).
- Send all pages, even the blank ones.
