One of the biggest underwriting difficulties on a home purchase loan is the verification of funds to close and the earnest money check. Most underwriters require a copy of the front and back of the earnest money check along with a copy of the bank statement where the borrower withdrew the funds. Funds to close cannot be borrowed and any large deposits (greater than a payroll check) must be sourced.
Rainmaker
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Jeff Schraeder
Discover what others have, no one works harder to get you your dream house. Our experienced staff is here to work with you to develop your loan application quickly, accurately, and honestly to make the strongest case for you. Then we shop our network of wholesale lenders to find the loan program that fits you best.
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