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How does underwriters view deposit from casino win?

Senior Contributor

How does underwriters view deposit from casino win?

Had a deposit of $650 from as casino win on 7/9/12 from gabling over the 4th of July week at a Casino in Oklahoma, since its just a small amount I deposited in the bank as cash, the underwriter asked me where ytyhis money came from, I said from a casino win but have noit yet heard back (its too soon as it was just today) but of course theres no paperowork showing the paper trail....just curious what they will think

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3 REPLIES
New Member

Re: How does underwriters view deposit from casino win?

      I just went thru the same thing.  I had to answer for inquiries in the last 90 days.  One of my inquiries was from the service that Ballys Casino in LV uses to authorize a line of credit or cash a check.  I wrote the letter explaining the I forgot to take out cash before I left for LV and wrote a check at the cage.  Upon returning home I deposited about $1100 in the bank from my casino bankroll.

 

       I never heard another word about it.

Message 2 of 4
Senior Contributor

Re: How does underwriters view deposit from casino win?

Thanks Ron, mine probably be easier because its just an FHA streamline refinance but I was just curious

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Senior Contributor

Re: How does underwriters view deposit from casino win?

Ok evendently my answer was fine because there now sending my info to the closing team however I rather close end of October instead of end of Sept, seems like they are ina rush to close at 3.75%

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