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FHA Large Deposits

Do you know how FHA defines "large deposits"?

For recently opened accounts and recent individual deposits of more than 1 percent of the Adjusted Value, documentation must be obtained. Additionally, verification that no debts were incurred to obtain part, or all, of the minimum required investment is required.

See Wholesale Underwriting Guides (Assets, Down payment, Source of Funds, Reserves/ Large Deposits/Government) for more details. 

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