No rental history can I get a mortgage?

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I have been pre qualified for an FHA loan. I ahve no rental history. I have lived with my girlfriend for 9 years, but not on the lease. He takes cash or money order so we only have handwritten reciepts which I don’t think will fly.The landlord will sign the verification form, but needs to know will there be any trouble for him with the IRS for example? What does the lender do with these verification forms? DO they go to the IRS or HUD or FHA or are they just for the use of the mortgage company? So can I go for a mortgage with this sheet filled out or should we rent for a year with a rental that is a managed company . I am thinking maybe this landlord isn’t reporting all income on taxes, but I don’t want to cause problems for him or my girlfriend.


  1. Reply
    prasanna p
    May 19, 2011 at 1:12 am

    They check your credit history

  2. Reply
    May 19, 2011 at 2:08 am

    All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrowerand are easier to qualify for than conventional loans. They are also guaranteed to the lender, which allows the borrower to obtain more favorable loan terms.

  3. Reply
    Karen H
    May 19, 2011 at 2:10 am

    They would just use it for their own purposes for the loan. Be sure to shop around for a mortgage. It’s a buyers market and a slow market. Lenders will be fighting tooth and nail for your business. Good Luck!

  4. Reply
    May 19, 2011 at 2:18 am

    The rental history is just one thing on a long list of the stuff requested for an FHA loan.

    Beware… prequalified does not mean approved. We just tried to get an FHA loan (buying a home) and they kept telling us we were approved, and then 2 weeks before closing they figured out we weren’t. We had to go back to our bank and go through everything again.

    FHA loans require a LOT more documentation than regular loans, so I’m sure they will find other things to replace that. 🙂 Hell, we had to show proof of a $ 2,000 deposit at Christmas time because it wasn’t a normal payroll deposit.

    The verification form (which we had to do too) just proves that you have a good history of paying your rent on time.

    Good luck with all of that – it’s a pain in the butt.

  5. Reply
    Ms J. Strange'
    May 19, 2011 at 2:45 am

    It really depends on your situation. I am 24 and got approved for FHA and never rented a day in my life.. but my credit is in the mid 700’s, so they relied on this. They do want a bit of i had to provide a gift recepit letter from someone who gave me 6g’s..ummmi think they also ask for bank statement sourcing funds, cuz they only need to verify a bit..the paper work is not that bad…but they MAKE SURE to tell you that the government is not responsible for your house if something happens to…i guess they want to clear the air with that…a lot of people rely on it for credit or whatever the case may be. Anyway, trust me, if your credit is straight, you dont need all of this economy they were running after MY a.s.s to close a deal lol…sad part about it is i got 6.00% because they locked the loan. But teh seller paid all of my closing costs and someone i know put down the 3% downpayment…

    Anyway, like i said…if your credit is good you are fine…just provide pay stubs tax forms, all of that…but i lived with my momma and never paid a DIME..A DIME I SAY LOL….

    Lemme also add a piece of advice to you. You need to network and meet a bunch of people that could hook you up. Dont just rely on realtors, loan guys, whomevver-they are all getting their cut. You need to develop a real familiarity with certain people that will help you get things with ease. Buying a house should be like buying a shirt, just with a bit more verification lol…

  6. Reply
    May 19, 2011 at 2:58 am

    FHA does not check rental history and your landlord is not involved. They will not be investigating your landlord. They are trying to verify that you are who you say you are.

    Your CREDIT history (rent is not credit) and income is all they are interested in.

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