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only have a business checking account - mortgage application

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gramscram
Member

only have a business checking account - mortgage application

i am a sole proprietor and only have a business checking account - does not having a personal checking cause problem for underwritering mortgage loan ?

Message 1 of 3
2 REPLIES 2
Mrs_hambright
Frequent Contributor

Re: only have a business checking account - mortgage application

a business account is acceptable, just be ready to explain more.
Message 2 of 3
gramscram
Member

Re: only have a business checking account - mortgage application

thanks for reply -

 

I have 2 years tax returns and am doing a cash out refinance - they want last 2 month bank statements - you think it will be ok if I only have business checking

Message 3 of 3
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