Always use a Personal Check for your Deposit, Always

When you are buying a house, every mortgage company is required to "Source" where your money to purchase the home comes from.  Basically, they want to make sure you aren't receiving money as an incentive to purchase the home from someone who may benefit from the sale (like the seller or the Realtors, Attorneys, etc.).

When the seller accepts your offer, they will usually want a "Deposit", much like a security deposit when you rent.  This makes sure they don't sell the home to someone else while you are obtaining your mortgage.  When you write the Deposit Check though, some people try to give a Money Order, Bank Check, or even Cash.  Lenders cannot document (or "Source") where the money came from for those routes though.  The Deposit Check always has to be a PERSONAL CHECK from your account or a blood relative.  It's all about documentation in the mortgage industry these days.  So save yourself the trouble down the road, and write your Deposit Check from your checking account in Personal Check form.

I hope this helps you in your next home purchase.

If you ever have any questions, please feel free to contact me anytime.

Keith Turner
(860)444-0650
keithT@mccuemortgage.com