I was pre-approved for a mortgage loan through Navy Federal and have started the home-buying process. One of the contingencies on the pre-approval was to provide 2 months of bank statements. Within the last 2 months I have had a couple of overdrafts. I have overdraft protection through Navy Federal which acts as a line of credit. I always pay back and have never missed a payment.
Has anyone else gotten a loan through Navy Fed with recent overdrafts? Will this get me denied?
I don't want to go through paying for an inspection/appraisal only to find out I can't close on the home because of this.
Thanks!
Read more: Mortgage loan approval through Navy Federal with recent overdrafts?
