That’s exactly what happened to me—except it was a $30 Venmo from my roommate for splitting groceries. I remember thinking, “Is this really going to hold up my mortgage?” but I double-checked everything just in case. I’m super cautious with my budget, so I started tracking every weird transfer in a spreadsheet. Has anyone ever had a lender question cash deposits? I always worry about that, especially if I get birthday money or something.
Has anyone ever had a lender question cash deposits? I always worry about that, especially if I get birthday money or something.
Yeah, lenders can get picky about cash deposits. When I refinanced last year, they flagged a $100 cash gift from my aunt. Had to dig up a birthday card and a note from her just to explain it. Honestly, tracking everything in a spreadsheet is smart—it saved me a headache. As long as you can show where the money came from, you’re usually fine. It’s annoying, but not the end of the world.
Had the same thing happen when I was buying my place. A couple of random $50 and $60 deposits from side gigs raised eyebrows with the underwriter. Ended up sending screenshots from Venmo and a quick note explaining each one. It’s a hassle, but as long as you’ve got some sort of paper trail, they usually just move on. I guess they’re just trying to be thorough, but it does feel a bit over the top sometimes...
Yeah, the whole underwriter scrutiny thing can feel a bit much, especially when it’s just small deposits from side hustles or splitting dinner with friends. I remember thinking, “Really? You care about that $35 Venmo from my roommate for utilities?” But I get it—they’re just trying to make sure everything’s above board. Still, it does make you second-guess every little transaction for a while.
Honestly, I was surprised by how detailed they got. At one point, they asked me to explain a $100 birthday gift from my aunt. Had to dig up old texts and screenshots just to prove it wasn’t some secret loan or whatever. It felt kind of invasive, but in the end, as long as you’ve got some sort of explanation or paper trail, they seem satisfied and move on.
It’s definitely a hassle, but I guess it’s better than them missing something important and causing bigger issues down the line. Still, I wish there was a way for them to filter out the obvious stuff—like, not every Venmo is suspicious activity. Anyway, you’re right: keep your records handy and don’t stress too much about it. Once you’re through the process, you’ll barely remember all those little hoops you had to jump through.
Yeah, it’s wild how deep they dig into your bank statements. I’ve seen clients get flagged for a $50 transfer from a friend, and it always feels like overkill. But honestly, as long as you can explain it, they usually move on quick. It’s a pain, but it’s just part of the process these days. I do wish they’d chill out on the tiny stuff though... not every random deposit is shady.
