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<blockquote data-quote="flyfishfreak" data-source="post: 2944907" data-attributes="member: 576336">Hello,Well...I find it kind of funny that my firt post is a response to a mortgage question. Oh well, lemme start by saying I am a Mortgage Broker and your question is a good one. Have you ever heard of seasoning? Well basically that &quot;could&quot; be the dilema you will face with only two (2) months seasoning on your funds/assets. To be honest the seasoning requirment may vary, depending on who your working with. The industry standard for a FNMA loan is 6 months seasoning for funds, i.e. down payment and for reserves (principal interest &amp;amp; Tax/insurance; usually 3-6 months depending on the lender). So, say you need 10,000.00 for your down payment and say 6,000.00 for reserves. You will have to have 16,000.00 of verifiable seasoned funds, typically in the account for a minimum of six(6) month.So yes, the lender &quot;may&quot; care if you have large (or small) deposits that are &quot;fresh&quot; in the account and your trying to use that money against your loan. Now keep in mind they only care about funds being used for the deposit total and reserves. Something else to consider on the 3000.00 from your GF, is if your lender accepts gift funds and up to what % of your loan amount. Gifted funds usually are not required to be seasoned.I hope this cleared it up a little, if only to help you to ask your loan officer the right questions. If you have anymore questions please feel free to PM me. Mortgages can be compicated and there is tons of free information avaiable on the Fannie Mae website. //content.invisioncic.com/y282845/emoticons/graduate.gif.d982460be9f153bb54e5d4cb744f6ae8.gifLater</blockquote>

[QUOTE="flyfishfreak, post: 2944907, member: 576336"] Hello, Well...I find it kind of funny that my firt post is a response to a mortgage question. Oh well, lemme start by saying I am a Mortgage Broker and your question is a good one. Have you ever heard of seasoning? Well basically that "could" be the dilema you will face with only two (2) months seasoning on your funds/assets. To be honest the seasoning requirment may vary, depending on who your working with. The industry standard for a FNMA loan is 6 months seasoning for funds, i.e. down payment and for reserves (principal interest & Tax/insurance; usually 3-6 months depending on the lender). So, say you need 10,000.00 for your down payment and say 6,000.00 for reserves. You will have to have 16,000.00 of verifiable seasoned funds, typically in the account for a minimum of six(6) month. So yes, the lender "may" care if you have large (or small) deposits that are "fresh" in the account and your trying to use that money against your loan. Now keep in mind they only care about funds being used for the deposit total and reserves. Something else to consider on the 3000.00 from your GF, is if your lender accepts gift funds and up to what % of your loan amount. Gifted funds usually are not required to be seasoned. I hope this cleared it up a little, if only to help you to ask your loan officer the right questions. If you have anymore questions please feel free to PM me. Mortgages can be compicated and there is tons of free information avaiable on the Fannie Mae website. [IMG]//content.invisioncic.com/y282845/emoticons/graduate.gif.d982460be9f153bb54e5d4cb744f6ae8.gif[/IMG] Later [/QUOTE]

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