The borrower makes $112,000 per year. Their most recent 2 months' bank statements have several deposits that are not from their payroll/employer in the amounts of $5000, $3150, $4800, and $4000.  Which of these deposits would need to be sourced as a Large Deposit on a purchase transaction?

Answer rating: 100% (QA)

In mortgage lending a large deposit is typically defined as a deposit that exceeds 50 of the bo... View the full answer