I have a conditional approval on a loan and they are requesting bank statements, what do they look for on the statements? It is for an FHA loan.
They look for how much money you have and how long you have had about that much money. Any large amount of "new" money would need an explanation.
What do mortgage lenders look for in bank statements?
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They look for how much money you have and how long you have had about that much money. Any large amount of "new" money would need an explanation.
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Any unexplained transfers of large amounts of money.
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