Hope this answers your question.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
if i.e. your putting down 100k and your checking and savings account never had more than 1k, they want to know where the money came from.
If your loan officer is asking for access..... Call his/her boss.
The lender DOES need bank statements to verify funds to close. <= required!
(214) 763-4629 cell/text/nights/weekends(Really!!)
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You probably will have to give them documentation to your assets, reserves, tax returns, w-2s, pay stubs, credit report, and possibly more.
You don't have to give them access to your account.
Don't be afraid to ask them why or ask them questions.
I think this is always a valid concern.
Kevin D. Brown
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor