Contributor
seemund
Posts: 90
Registered: ‎03-29-2010
Re: Cash (not check) downpayment gift

Just like everybody already mentioned, they will want to see where the money came from.

A large deposit will be a BIG RED FLAG.

 

Few other options:

1- Deposit the money, wait 2 months before applying for mortgage? (so you don't have to show proof of where it came from)

2- Pay everything you can with the $3000 (utilities, gas, food, furniture, etc), saving more money in the bank?

 

Good Luck!

 

 


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