Anything that changes during or after the approval process AND before closing can cause problems. All underwriters have their own interpretation of guidelines.
In addition, there are a lot of variables.
As for as deposits go, if there is a documented history of receiving this type of bonus, I do not believe there would be a problem getting your home mortgage loan approved. You MUST have supporting documents that show these funds are consistant with income received in the past as well as any letters, paystubs and deposit slip showing this is the source of the funds. It is wise to run this by your Mortgage loan officer or mortgage underwriter if possible as it is a matter of interpretation.
Tuesday, September 8, 2009
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