08/06/2026
Planning to buy a home soon? Hereās something to keep in mind before you touch your bank account. š
When you apply for a mortgage, your lender will review more than just your credit score.
Theyāll also look at your last 3 months of bank statements.
Theyāre looking for things like:
š¦ Overdrafts
š° Large unexplained cash deposits
š³ Sudden increase in spending or new debt
Itās not about being perfect, itās about showing consistent, responsible financial habits.
A large cash deposit without documentation can raise questions during the loan process.
Lender simply want to understand where the money came from and see stable, verifiable income and spending.
If youāre planning to buy a home in the next few months, this is a great time to keep your finances as consistent as possible.
If youāre buying in Palm Beach County, Martin County, or Port St. Lucie, Iām happy to help guide you through the homebuying process and explain what to expect along the way.
š©Have questions? Send me a DM. Iām here to help.
* This post is for general information purposes only and not financial or lending advice.