The underwriter has recently asked for us to show that we have enough money as assets put up to secure our loan. Currently we have 9000 plus 500 from our checking account and 20000 in gifts from family but we haven't gotten the gift form yet. We had more put up but we put 1000 for th Earnest deposit and we paid for the appraisial and the inspection.
My question is about the Earnest money. Is it considered an asset by an underwriter?
Lender Pulled Credit Rating as of 4.10.2013. (Fico Experian: 660) (Fico TU: 685) (Fico Equifax: 659)
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! 
Last App: 4/5/13 Gardening until July 2014