I was approved for my FHA mortgage back in April for new construction. My loan approval expires on August 16th, but my house will not be ready until some time in September. My loan officer told me that they would probably have to reapprove me before I settle on the house. I noticed on my bank account today that I had two insufficient funds this week on my checking account (I haven't overdrawn my account in over two years!!!). They were back-to-back because I forgot to transfer money from my savings into my checking. Will these insufficient funds jeopardize my mortgage approval? I gave my loan officer three months of clean bank statements back in March when I applied for the mortgage. If they need to reapprove me, will they ask for 3 months of bank statements again? Should I contact my loan officer and tell her what happened?
