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re: "Gift not deposited" steps - FHA loan
Posted on 8/14/14 at 7:49 am to The Hamburglar
Posted on 8/14/14 at 7:49 am to The Hamburglar
quote:they care where it came from because they don't want their loan to be second in rank to another loan. you have to prove the source of the funds - this is a pretty standard practice.
.who cares where it came from
1
Posted on 8/14/14 at 12:21 pm to lsujro
Think they also want to make sure that the money that is being gifted actually belongs to the donor.
I know when I got my loan they wanted to know the past 3 years of my investment account and see each trade, the source / trail of money flowing into the account. This definately isn't 2005 NINJA loan time
I know when I got my loan they wanted to know the past 3 years of my investment account and see each trade, the source / trail of money flowing into the account. This definately isn't 2005 NINJA loan time
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