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direct deposit advance

will direct deposit advances hurt usda loan on your bank statements
  • July 01 2012 - Austin
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Answers (1)

That is the same thing as a pay day loan.
I had an underwriter question them on a deal before. But we got it done.

Bottom line: While it is not an official guideline.... It can fall under 'underwriter discretion'

If the file is otherwise strong... it might not be a huge deal.
Expect to have to explain it.
  • July 01 2012
  • 0Yes

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