hi everyone
we are attempting to get approved for a home loan and quicken loans ( who i read will approve truck drivers) will not accept my paycheck without a letter of explanation for each line of pay. well, our company, which is a huge, national carrier, does not write such documents for lenders and suggested we move on to the next lender.
anybody here have a good experience getting income verification with a certain lender? any success stories to share?
also, our credit is fine, decent down payment ready, ofcourse they can see paychecks are good and consistent ( mostly) but they wont even accept "per mile" pay.
Getting a home loan? Bank wont accept my paycheck, company driver
Discussion in 'Experienced Truckers' Advice' started by trust HIM, Apr 27, 2021.
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Do you have a bank or credit union that you’ve used for auto or personal loans? If so, I would have gone to them first.
Or, as your company suggested, move on to the next.OldeSkool and bentstrider83 Thank this. -
I use my local bank for just about everything. Never had any issues borrowing their money. And I usually have an answer within a few hours
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My local credit union. Can't speak highly enough of using a credit union instead of a bank. And definitely don't use a loan service like Quicken I know they are still very predatory. They tried to get me to take out a loan 3x what I budgeted when I was house shopping about 4 years ago.
MadScientist, Opus, snowwy and 6 others Thank this. -
You ever try explaining cpm to a government survey ?? It easier to just bang your head against the wall . People outside the industry can’t grasp the concept
rachi, mustang190, bentstrider83 and 3 others Thank this. -
Are you a W2 employee or a Lease Op? A standard pay stub is easily decipherable. A "Settlement Statement" can be a completely different animal.
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snowwy, Hatt91, wis bang and 1 other person Thank this.
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So Quicken cannot understand the concept of performance pay? In this case - pay per mile. So they basically exclude mechanics, carpenters and drywall hangers and so on?!
slow.rider Thanks this. -
Another fan of a credit union here.
We just refi’ed our home and had approval the same day. Good competitive rate also.MadScientist, Chinatown and slow.rider Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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