Tuesday, July 8, 2014

When applying for a FHA loan are you required to disclose all banks accounts?

We were told to give 2 months of bank statements (we did) as well as disclose any deposits over $800 as well as provide proof of where the deposits came from.
The payroll check is over $800 that we get each month as well as a deposit from a private funds bank account.
They are wanting us to disclose all the information including the bank account number for the private account. The private account is from an inheritance.
I am wondering what the relevance is in disclosing this. The refinance is with the same company we are already with. It is based on current income. Do I have to give them this info?

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