The Venmo memo says “rent” and suddenly we are calling it income. 😅
Seeing money deposited into your account does not automatically make it qualifying mortgage income.
A lender may still need to verify:
Where the money comes from
Why you receive it
How consistently you receive it
Whether it meets the loan program’s guidelines
So no, adding 🏠 💵 to the memo line will not turn random transfers into a pay stub.
Send this to the friend whose Venmo history looks like a second job.
— If we haven’t met yet, I’m Richard Sarey, your go-to independent mortgage broker in Frisco Texas
• mortgage income documentation • qualifying income for a mortgage
#TexasMortgageLoans #MortgageMadeEasy #MortgageSpecialist #HomeLoanExpert
