If you cannot or will not document where the money came from, you will need to do as you surmised - leave the money in the bank for a few months. Most programs only require the money to be seasoned for 60 days. So when you can provide two full months of bank statements that do not show any unusually large unexplained deposits, you should be fine.

If you cannot source (provide documentation) for the deposits, then the money should be seasoned (left in your account) for 2 months so that your most recent bank statements don't show the deposits to be questioned.

Where did the money come from was it a gift? Are you looking to purchase of refinance a mortgage.Dan Norris410-688-4182

There are a few things we need to look at. Where did the money come from? Was it a gift, or possibly a sale of goods for cash, perhaps with more info I can help guide you. Worse case you need to wait two months to do what we call seasoning your funds. You can call me to discuss, if you are looking in CA or AZ, as that is where I am licensed. Thanks

I am a licensed Loan Consultant CA, OR ~ Here is my contact info and I would be more than happy to help you~ Shelley Doddshelldodd@sacmtg.net

Hi Most deposits can be documented. We require that any 'unusual' deposits need addressed in a letter of explanation (LOX). If they are a gift, then they should be able to be documented. If you are buying a home, see if the seller will allow you to rent-to-own until you have the 60 days bank statements showing no unusual deposits. If the money is cash, then you can get a notarized letter indicating the notary saw the cash in your possession and that the seller did not give it to you. We have funded loans in the recent past for this situation. Hope this helps. Pat McCarthy Northpointe Bank 866-901-3576