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Could overdraft charges stop be from getting my Wells Fargo Home Loan

 I am about to buy my first home but I have a total of $175.00 of overdraft charges year todate will this be a red flag against me with Wells Fargo Home Loan

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September 21 2011 - Rialto
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It might. You can see if you can get those charges reversed. If it was a one time error and you are a good customer, the bank may be willing to reverse the charges, ask you to pay a reduced amount and/or remove the notation from your account.

I am not sure if those overdraft charges show up on your credit report or not, but you can ask Fargo directly if they report them.
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September 21 2011
Overdraft charges mean you spent more money than you had available, which is not a good sign, especially when you're in escrow.  Since I'm not a lender, nor an I in California, I can not say how it will affect you for certain, but it doesn't put you in a positive light, especially when each charge is probably $25-30 apiece, which means you have a history of monetary recklessness.
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September 21 2011
 
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