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I put 1500 in bank from yard sale will mortgage lenders question it

  • August 02 - US
  • 0Yes

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Answers (2)

Any large cash or non-payroll deposits can be questioned by a lender.  If you are already under contract it is probably not wise to deposit it as it may not be allowed and may raise questions from the underwriter. Ask your loan officer before depositing.

If you are planning to buy in the next 3-6 months, then it is probably not a big deal. The funds will be "seasoned" by the time you get into underwriting and the deposit will not be seen by the underwriter.
  • August 04
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Probably. Did you advertise the yard sale anywhere? You may have to "prove" you had it. How far into the procedures are you? Is this the account your pay check is deposited into. If the 1500 looks small, compared to normal deposits, you may get by without documenting it. You need to ask your LO, if you have one, not us strangers.
  • August 02
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