Will my FHA mortgage be turned down for overdrawn checking account?

Question by Lady B: Why does only 1 person in my family believe Obama will give out Free Points to refinance their home?
Why does this 1 person believe Obama is going to give them and anyone 2 free points when they go to refinance?

BTW this is their 2nd home and they are not hurting for money?

This person is an Attorney.

Best answer:

Answer by v b
Because you have no idea what you are talking about.

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Question by Phil R: Will my FHA mortgage be turned down for overdrawn checking account?
I have been approved for an FHA mortgage loan and have been asked for 2 months of bank statements. My concern is that my account was overdrawn a few weeks ago. It was the first time in at least a year and a half it has been overdrawn and was an honest mistake. Can they reverse my approval for this reason? Thank you.

Best answer:

Answer by JM
nope, help they will not. i actually had one (which i was so pissed at cuz a check cleared about 30 seconds before my direct deposit went in) and i was fine. i offered to show a year of statements to prove it was a fluke but they told me not to worry, they don’t hold 1 against you!

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