I question why you had to provide a bank statement from 3 months ago though - normally you just have to provide the most recent 2 months of statements, not most recent 3 months of statements. Has your loan been going on for that long? Further, overdrafts alone are usually not enough of a reason to deny a loan, however if there are other negatives on credit then combined with the overdrafts it can make an underwriter deny a loan. I'd ask your loan officer if they have other lenders that could do your loan, considering the overdrafts. Or because more time has elapsed, you should be able to use the most recent 2 months of bank statements so the 3rd month with the overdrafts wouldn't even be an issue.
Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct