Do I need anything other than employment verification for a loan?
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Do I need anything other than employment verification for a loan?
I’m looking to buy a primary residence in a different state. My employer filled out
a verification but am being asked by the loan processor to write a letter stating I will be working remotely and my pay won’t change. My employer won’t fill out anything other than the verification because or future legal issues. For a loan, will the verification be satisfactory?
Asked on February 19, 2018 under Real Estate Law, New York
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
A lender can require *anything* they want: remember, there is no legal right to a mortgage or home loan, and it is voluntary on the part of lenders to make loans. So this lender can ask for whatever documentation it likes and may legally refuse to lend to you if it doesn't get what it wants.
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