I finally got my score up high enough to be approved for a home loan - yay! That's the good news. Bad news is i think ive screwed up with the downpayments funds. Fha is super strict. So, i sold my extra car and was going to use the money from the this for the downpayment. I was told i needed a cashiers check from the buyer and not to accept cash. So we went to my bank to do the transaction. He gave the teller cash and we asked for a certified check to me from him. The teller deposited the cash into my account. Turned around and made a certified check to me but on the check they typed from buyers name for purchase of car and then deposited it back into savings. My mortgage contact told me that this was wrong and fha will not accept it. Even though we havr bill of sale copy of title, etc. This will not work bc it was cash put into my account. My mortgage person told me that we could come up with another way to get money before closing (whatever this means), but im still freaking out. I thought of calling bank firstthing Monday and asking them to reverse the charges. I just don't know =/ any advice/help??
