Moving money between your own accounts is fine. Keep the statements for both accounts, so you can show where it came from.
Try not to deposit cash while you are buying. Cash is hard to prove, and the lender may not be able to count it.
Will the lender ask about money I move between my bank accounts?
Probably. Lenders look at your last two months of bank statements and ask about any big deposit that is not your paycheck.
More questions
- How much do I need for a down payment on a new home?It can be $0. You do not need to be a veteran or a first-time home buyer.Read the answer
- How much is the deposit on a new construction home?The deposit is as low as $1,000. You pay it after you are pre-approved and have found the home you want, and you get it back at closing.Read the answer
- Who pays closing costs on a new construction home?Often the builder. When you use the builder's lender, the builder often pays your closing costs, so you keep your savings for the move.Read the answer
- What will I spend on moving into a new home?Plan for the move itself, first-month utility deposits, and things the home may not come with, like blinds, a fridge or a washer and dryer.Read the answer