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Updated almost 7 years ago on . Most recent reply

Eric Bovee's profile image
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Eric Bovee
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  • from Haslet, Texas
  • Member since Apr 19, 2017
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Eric Bovee's profile image
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Eric Bovee
  • Investor
  • from Haslet, Texas
  • Member since Apr 19, 2017
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Eric Bovee
  • Investor
  • Haslet, TX
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Private Lending & Conventional Mortgage Advice

Conventional loan regarding Large Bank Deposit

Eric Bovee
  • Investor
  • Haslet, TX
Posted

We are looking at doing a conventional loan for a property we placed an offer on. However, our lender is requesting an answer to the following question, "Where did the large bank deposit come from?" What would be an acceptable response? Any suggestions/thoughts?

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Grant Rothenburger's profile image
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Grant Rothenburger
  • Investor
  • from Taylor Mill, KY
  • Member since Feb 8, 2016
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Grant Rothenburger's profile image
Grant Rothenburger's profile image
Grant Rothenburger
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  • from Taylor Mill, KY
  • Member since Feb 8, 2016
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Grant Rothenburger
  • Investor
  • Taylor Mill, KY
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Grant Rothenburger
  • Investor
  • Taylor Mill, KY
Replied

@Eric Bovee If they are going to seek proof, the truth might be the best answer.

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