[quote=SD Realtor]sdr as I said different lenders have different requirements regarding seasoning. It is not bad advice at all. Sheldon frequently uses Flagstar as his lender. Also every case is unique. How much of the downpayment is gifted, what are the ratios for that particular buyer, also will have bearing on the case. I still stand behind the fact that having the money seasoned is sound advice. Is it mandatory? No. However is it beneficial? Yes I am sure even Sheldon would say that it doesn’t hurt. The more lenders a broker can get the loan from, the better it is for you as a buyer. Similarly being able to shop your loans with a credit union or any of the mainstream banks is never a bad idea as well. A couple weeks in advance along with the escrow time will total up to perhaps 2-3 months by COE. To me that is nicely seasoned.[/quote]
SDR, in your opinion, why do lenders care where the downpayment is from?
