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New Visitor
heyitsjillj
Posts: 1
Registered: ‎02-16-2013

Deposits in Bank account

I am trying to purchase a home for 260K... everything is going smooth.  I have the credit and down payment I need. My DTI is good too.

Of course I am probably being nervous, but I have some cash (about $1500/month) being deposited into my bank account from my fiance' to help me pay our current bills.   Is this a red flag? 

New Contributor
BCullum
Posts: 157
Registered: ‎01-09-2013

Re: Deposits in Bank account

[ Edited ]

Letter of explanation saying this and you should be good, worse case scenario they back out those funds. But if its been a constant thing I don't see any issues arising for you. I had over 1500 in cash deposits due to petty cash reimbursement and they didn't raise a stink about it. Just sent off my LOE and all was good.

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