When Do Mortgage Documents Expire?

Because Yes, Lenders Are That Picky…You’ve gathered your paystubs, bank statements, and credit reports like a champion. You’re ready to buy a house! But wait—before you strut into the lender’s office with confidence, did you know these documents come with an expiration date? That’s right—your mortgage paperwork has a shelf life, just like milk (but slightly less dramatic).  Let’s break it down so you don’t get caught off guard.

How Long Are Mortgage Documents Good For?

Lenders are like that friend who needs constant reassurance—you know, the one who texts, “Are we still on for dinner?” five times in a row. They want the freshest possible snapshot of your finances, so here’s how long your key documents stay valid:

• Paystubs: Good for 30 days. Lenders want to see your most recent income, so if your paystub is older than a month, it’s time for a fresh one.
• Bank Statements: Expect to provide 30 to 60 days of your most recent statements. If you’re hoarding cash under your mattress, now’s the time to get it in the bank.
• Credit Reports: Lenders pull your credit report at the start of the process, and it’s good for 90 days—so don’t go on a shopping spree for a jet ski before closing.

Why Do These Documents Expire?

Because lenders are nosy. Just kidding (kind of). The real reason is that your financial situation can change overnight. Job loss, new debt, or a suspiciously large deposit from your “business venture” (ahem, poker winnings) can all impact your mortgage approval.

Pro Tips to Keep Your Paperwork Fresh

• Don’t Delay: If your house hunt drags on for months, be ready to update your paperwork regularly. Think of it as a subscription service, but instead of Netflix, it’s financial scrutiny.
• Avoid Major Money Moves: No new credit cards, car loans, or mystery deposits from Aunt Linda in the Cayman Islands. Lenders will ask questions.
• Keep Digital Copies Handy: Having quick access to your updated documents will save you from a last-minute scramble when your lender inevitably asks for “just one more thing.”

Final Thought: Stay Ready, So You Don’t Have to Get Ready

Mortgage paperwork is a moving target, but staying on top of expiration dates keeps your loan process smooth. The last thing you want is for outdated documents to delay your dream home. Stay prepared, stay organized, and remember—your lender loves fresh financials almost as much as you love that new house smell.

Click HERE to get started on your mortgage application and make sure your paperwork is up to date!