How many months does a verification of rental (VOR) and a verification of mortgage (VOM) cover?

The verification of rental payments (VOR) and verification of mortgage payments (VOM) typically cover a range of previous months depending on industry standards and guidelines. In general, a 12-month history is often required for these verifications to provide a comprehensive view of a borrower’s payment behavior. This 12-month period helps lenders assess the applicant’s reliability and consistency in making rental or mortgage payments.

Having an extensive period allows lenders to identify any patterns in the borrower’s payment history, such as late payments or defaults, which are critical factors in evaluating creditworthiness. Different lenders may have specific requirements or preferences, but the 12-month standard aligns most closely with typical underwriting practices in the mortgage industry. This timeframe ensures that lenders have adequate data to make informed lending decisions.

In contrast, shorter periods such as 6, 9, or even 15 months would not provide the same level of insight into a borrower’s financial behavior and payment habits, making them less suitable for comprehensive assessments.