We are applying for a 30 year loan to purchase STR in Florida. I found this loan officer on line because I wanted 30 years fixed and nobody local Will do that. The loan officer is asking for my personal property tax bill and insurance bill. I sent him the dec sheet for my home insurance and he wants the part that tells him the insurance price. I don't understand why he needs these things. I'm concerned if he is legitimate. I feel he is asking for too much info. what should I send to him and how do I see if he is for real?
Real Estate Agent · Skagit Valley, WA · Member since 2021 · 256 posts · 283 votes
4y
I can't tell you if this loan officer is legit.... but if she/he is....asking for the cover sheet of your home insurance policy is completely normal and legitimate. And they will need a LOT more information from you than that. Hey, you're asking to use THEIR money for 30 years..... your personal privacy will have to take a back seat for the moment. Get ready to provide W-2s, two years of tax returns, bank statements for all your accounts for the past two months, pay-stubs, and more.
Realtor · Hanover Twp, PA · Member since 2018 · 3k+ posts · 3k+ votes
4y
@Patricia Signor, they may needs LOTS of info. Personal housing expenses factor into your ability to pay. How much you can afford based on your income and expenses.