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creed37211

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if i got a loan today for downpayment and kept in account for 90 days is that ok for fha?
do you have to show where funds came from for down payment if they are in your account for over 90 days?

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Nope

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The borrower cannot obtain down-payment funds from sources other DPA loans and FHA-approved sources. The down payment cannot come from private loans funded by institutions, friends, family or interested parties to the transaction. It also cannot come from credit cards or other unapproved sources. A private loan or credit cards increase borrower monthly obligations; the FHA requires evidence that down-payment funds came from an acceptable source not requiring repayment. Money obtained from friends or family is considered a gift and must be accompanied by a gift letter from the donor, stating no repayment is required.

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I can't answer about the 90 days. But I assumes the loan would shown on your report, and its amount "might" matching the deposit into that account around the same time that loan was funded. 

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