Every dollar at closing needs a paper trail. I catch the gaps early.
Gift funds, crypto gains, car sales, cash deposits. The sourcing rules are specific and most buyers don't learn them until it's a problem.
Overview
Your parents are helping with the down payment. You sold a car three months ago and deposited the cash. You cashed out some crypto. You got a big bonus that landed as a lump sum. Every one of those deposits needs documentation, and the rules are specific.
Lenders trace every dollar in your account at closing. Unexplained deposits get flagged. Gifts need a letter in a specific format. Large deposits need paper trails. Certain fund types count for some programs and not others.
I review bank statements early, flag everything that needs documentation, and tell you exactly how to handle it. Before it becomes a problem. Not after.
What I Look For
How I Handle This
I review bank statements well before submission. Every deposit that could trigger a question gets documented in advance. Gift letters prepared early. Source trails assembled before they're requested.
This prevents the number one cause of closing delays for first-time buyers: unexplained deposits.
Questions I Get
Can my parents gift me the down payment?
Yes. Allowed on most programs. Gift letter with specific information required. Donor may need to show source.
Large deposit from selling my car?
Document it. Bill of sale, title transfer, deposit matching. I tell you exactly what to gather.
Crypto for down payment?
Yes, if converted to cash with a documented transaction trail.
How far back do lenders look?
Typically two to three months of bank statements. Every deposit above a certain threshold needs sourcing.
Using gifts or non-traditional funds?
Send me your bank statements. I'll flag anything that needs documentation before it becomes a problem.