5 Situations You Should Expect When You’re Buying A Home…

Edgar DeJesus • October 28, 2021

Share


One thing that frustrates consumers when they’re going through the loan process is explaining everything in their current life circumstance.

Here are 5 examples you can expect when buying and financing a home:


#1. Let’s say you have three different jobs, and you receive a pay stub from each employer. The lender wants all paystubs from all employment for the last thirty days.

#2. Suppose you have recently used your debit card to purchase concert tickets for your friends so you can all sit together, and they’re reimbursing you with a cash payment.

The lender wants on an explanation of the bank cash deposits.


#3. If you currently rent out a room in your home to a friend and the monthly payment shows in your bank account. The lender wants an explanation.


#4. If when you started the preapproval process and you allowed multiple lenders to pull your credit to receive a mortgage quote. The lender wants an explanation, and they want to confirm you’re only buying and financing one home.


#5. If you are in forbearance, have been in forbearance, or have recently been divorced. The lenders will want all documents and an explanation of the situation.



Whether your life scenario is one of the examples above or many others, all lenders will require you to explain and document the situation.


Being prepared with an explanation and having proper documentation makes a world of difference when you’re going through the loan process.


“Here’s what to do now… download your free homebuyer ebook, click here.” 

 

My name is Edgar DeJesus. I’m the mortgage advisor and branch manager of Treasure Coast Home Loans. Call or text, (772) 444-6362, with any questions that will let me separate opinion from opportunity. 

Thank you for taking the time to read my latest real estate and mortgage report.


Start your pre-approval

Call or text 561-223-9347 or email edgar@treasurecoasthomeloans.com to discuss your loan. 


Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by the borrower(s). A loan is only approved when the lender has issued approval in writing and is subject to all lender conditions. Any specified rates and terms are contingent upon loan approval and are subject to change without notice due to unpredictable market conditions. Innovative Mortgage Services, Inc. is a Florida licensed lender. Company NMLS #250769. Originator NMLS # 230414. Florida Mortgage Lender License, License/Registration #: MLD178 Florida. Mortgage Lender Servicer License, License/Registration #: MLD2167 Equal. Equal Housing Lender 

⚡ 7-Minute Pre-Approval

Start Your Mortgage Application

Ready to make your move? Apply securely with Treasure Coast Home Loans, your local mortgage broker. We make the process fast, simple, and transparent so you can shop for your new home with absolute confidence.

Free Search Tool

Unlock Down Payment Assistance

Did you know there are hundreds of state and local programs designed to help Florida buyers cover their down payment and closing costs? You could qualify for thousands of dollars in assistance. Answer a few quick questions to see exactly what programs you are eligible for right now.

Mortgage Broker Port St. Lucie, Florida

Learn More About the Mortgage Process.


Check Out Our Google Verified Reviews

Florida buyer comparing FHA down payment options.
By Edgar DeJesus • October 5, 2026
See how 5% down instead of 3.5% may lower FHA mortgage insurance and potentially help a home fit your qualifying payment.
Comprador en Florida comparando pagos iniciales FHA.
By Edgar DeJesus • October 5, 2026
Encontraste la casa. El precio de compra funciona. Los impuestos sobre la propiedad funcionan. El seguro de propietarios funciona. El HOA funciona. Pero cuando tu profesional hipotecario calcula los números utilizando el pago inicial mínimo de FHA de 3.5% , el pago mensual total queda un poco demasiado alto. Ahora estás fuera del pago o de la relación entre deudas e ingresos necesaria para tu pre aprobación. ¿Significa eso automáticamente que necesitas buscar una vivienda más económica?  No necesariamente. Algunas veces cambiar el pago inicial puede cambiar más de lo que imaginas.
Empresario en Florida explorando financiamiento SBA.
By Edgar DeJesus • September 30, 2026
¿Quieres comprar un negocio en Florida? Conoce cómo un préstamo SBA puede ayudar a financiar la compra y otras necesidades comerciales.
Florida business owner exploring SBA financing.
By Edgar DeJesus • September 30, 2026
Buying a Florida business? Learn how an SBA loan may help finance the purchase, working capital, equipment and other eligible business needs.
Florida home buyer exploring a neighborhood.
By Edgar DeJesus • September 29, 2026
Before buying a Florida home, look beyond the house. The neighborhood, roads, lighting and location matter too.
Comprador explorando un vecindario en Florida.
By Edgar DeJesus • September 29, 2026
Antes de comprar una casa en Florida, mira más allá de la vivienda. El vecindario, las calles y la ubicación también importan.
Comprador de Florida investigando tasas, precios e IA
By Edgar DeJesus • September 28, 2026
¿Subirán las tasas, caerán los precios o cambiará la IA los bienes raíces? Lo que compradores de Florida deben saber.
Florida buyer researching rates, home prices and AI
By Edgar DeJesus • September 28, 2026
Will rates rise, home prices crash, or AI change real estate? What Florida buyers need to know in 2026.
Florida buyer changing from self employment to W2.
By Edgar DeJesus • September 24, 2026
Self employed less than a year? Learn how W2 employment and FHA guidelines may create another path to buying a home.
Comprador en Florida cambiando de trabajo independiente a W2.
By Edgar DeJesus • September 24, 2026
¿Trabajas por cuenta propia hace menos de un año? Conoce cómo un empleo W2 y FHA podrían crear otra opción hipotecaria.