When did you submit your bank statements?

[Anonymous]

We are getting close to going back into underwriting for the final stretch on our new build home, should be closing June 6th or so. We have two bank accounts, one personal which the statement closed today and one business which the statement closes on the 30th.

Will the UW also want to see the May 18th and May 31st statements? I'm thinking that's way to close to closing but don't know if they do a final check up or how that works.

[Anonymous]

I would think they will need to verify that you have the funds to close.  So they'll need fairly recent information in relation to your closing date.

[tooleman694]

They asked for the statements I had available to me. Those statements showed I had the cash to close.

[Anonymous]

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@tooleman694 wrote:
They asked for the statements I had available to me. Those statements showed I had the cash to close.

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How close to closing though?

[Anonymous]

Yah, I think that's the final condition. They came back and asked for my recent bank statements for March to April, even though I showed them a recent statement of my savings account with 10,000+ in it.

Just don't get the UW process.

[Anonymous]

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@Anonymous wrote:

Yah, I think that's the final condition. They came back and asked for my recent bank statements for March to April, even though I showed them a recent statement of my savings account with 10,000+ in it.

Just don't get the UW process.

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They ask for past statements to make sure that $10,000 you have is seasoned and you didn't just deposit it a few days before your newest statement.

[tooleman694]

We closed in April, we started the process in Feb and they got Dec and Jan. they never asked for updated bank statements.

[Anonymous]

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@tooleman694 wrote:
We closed in April, we started the process in Feb and they got Dec and Jan. they never asked for updated bank statements.

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Curse you Tooleman694, CURSE You.

J/K

Just seems like you end up the complete opposite on things at times

[Anonymous]

Anyone else who has recently closed that can share their experienced? How close to closing did you have to provide a bank statements?

[Anonymous]

Anyone else with personal experience? How far from closing did you have to provide a bank statement?