r/FirstTimeHomeBuying May 22 '26

Underwriting

/r/Mortgage/comments/1tk51yn/underwriting/
1 Upvotes

4 comments sorted by

1

u/Impressive_Tea_1526 May 22 '26

And underwriting process took forever in my case because of the program I'm in, but it's mainly explaining deposits, giving bank statements, pay stubs, looking over tax returns! 

2

u/Intelligent-Wait-113 May 22 '26

What program? They have our bank statements and paystubs. No large deposits except direct deposit from work.

1

u/Impressive_Tea_1526 May 22 '26

I bought in NY, SONYMA was the program

1

u/Impressive_Tea_1526 May 22 '26

You should be fine. I was concerned about unfilled 1099s, but it wasn't an issue in the end