10/19/2026
Underwriters usually need to know where your money came from. A deposit that isn’t from your regular paycheck can mean extra paperwork, extra questions, and sometimes a delayed closing. Here is a simple way to approach it: 📌 Gift money: Let your loan officer know before it’s deposited. They’ll likely need a gift letter and a record of the transfer. 📌 Moving your own money: Try to keep bank statements from both accounts so the paper trail stays easy to follow. 📌 Cash: If possible, try to avoid depositing large amounts of untraceable cash. It can be one of the trickier types of money to document. 📌 Selling an asset: Keep the bill of sale and a copy of the payment received. A good rule of thumb: if it isn’t your typical paycheck, it never hurts to check in with your broker before you deposit it.
