Quoth Ghel
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The loan officer did question one or two things about my checking account as in why there were "large" cash deposits going into my account (because I am a pizza delivery driver and put my tips and mileage into the bank every 4 weeks) they thought I was being gifted $$$'s. I told them to pull 18 months history on the account and look at the "pattern" (every month like clockwork).
They wanted something -- I had it to them /e-mailed it ASAP.
How is this guy NOT doing a decent (say 10%) down payment?
As to closing costs I (from my recent experience) would assume that includes all of the paperwork fees, required state/county/local transfer fees and searches, title company fees for services, 1st P&I/PMI/property tax payment, (other stuff that I do not remember). my closing costs were right around $2000 PLUS stuff that was NOT in the official closing costs like my full year payment of home owners insurance premimum.
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