01-27-2013 10:17 AM
I had a non payroll deposit this month for $240. It was a refund check for the overage paid by the dealership for my trade in from Nov. My UW requested a letter of explanation plus a image of the check deposited and a copy of the cashier's receipt that came with the check I deposited. So I think the amount requiring a LOE varies by lender.
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