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Deposits in Bank account

New Visitor

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? 

Message 1 of 2
New Contributor

Re: Deposits in Bank account

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.

Lender Pull EQ 745 EX 734 TU 722
Message 2 of 2