re: first time home buyer?

I have gotten approvals off of a verification of employment (VOE) during approval/underwriting (a written one) and then a follow up verbal (VVOE) 24 hours prior to close as a closing stipulation.

I coupled this with paycheck stubs and a copy of/proof of having received a degree 60 days prior. With a Letter of Explanation (LOX) this sailed through UW as income documentation for a completely approvable conventional mortgage.

This is not typical for most folks but just because it isn't doesn't mean it's crazy or wild or suspicious. But it's typical enough that these stipulations are in place to cover for the scenario with many, many lenders who do conventional financing.

Anyone in this thread who acts otherwise is a lender or loan officer you simply need to avoid. Their job is to work with you to achieve your goal. If they don't have the experience, familiarity, knowledge or attitude necessary to work to help you then why do you want them in the first place?

They have been working in a loan bakery. Their little cookie cutter doesn't work unless you have 7 years on the job, 700+ credit and six figures in verifiable, sourced and seasoned assets. You need to avoid loan bakers and find a loan officer or mortgage broker willing to roll up their sleeves, get some dirt under their fingernails and spend the 20-30 minutes necessary writing out a Word document and getting paperwork faxed, signed and faxed or emailed back to get you approved.

Anyone who says it's difficult is a lazy, honestly inexperienced hack who you should be careful of giving your business to.

Sound harsh? Maybe. But am I wrong? Watch and see if any of them correct what I've said...