I wish you the best of luck. Please feel free to contact me if I can be of further assistance.
Jackie Pulcano, SVP
United Mortgage Corp
So, if you are anticipating closing within a couple of weeks, it is very unlikely your score will be affected.
Your bank balance has been affected, though. If you claimed that you had $3,000 in the bank, for example, and now it is bouncing around zero, the lender may discover this when he verifies deposits and then will inquire where you will get funds to close with.
Lenders have the right to pull your score at any time. Typically, it is pulled by the loan officer, then later by processing, and may be pulled the day of closing or the day before at the behest of underwriting.
Every lender will check your credit almost every time before closing now, however an overdraft has no effect on your credit. I don't know that you should worry unless they ask for an updated bank statement. Are you just about to close or are you just starting the process? Every lender is different so this may or may not affect you. When you get a chance let me know where you are in the process so I can get you a more detailed answer. Sorry I could not be more helpful but there are many factors to consider when answering this question.