Realtor’s company temporarily covering deposit?

Hi,

So we got our offer approved on a house and part of the deal ended with us paying a higher deposit than we anticipated given competing bids.

We had 15k liquid for a deposit but needed to up it to 30k to compete.

Our realtor offered to pay the full deposit on our behalf since we would need to make the deposit in 24 hours or less, and we needed a few days to make the additional funds liquid.

I have the receipt that the realtor sent and have since transferred the balance back to the realtor’s company.

Will this give us any issues with lenders for our mortgage? Is it just a matter of proving we sent the funds to cover the deposit to our realtor?

Thanks!

submitted by /u/DavisvilleGuy
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Hi, So we got our offer approved on a house and part of the deal ended with us paying a higher deposit than we anticipated given competing bids. We had 15k liquid for a deposit but needed to up it to 30k to compete. Our realtor offered to pay the full deposit on our behalf since we would need to make the deposit in 24 hours or less, and we needed a few days to make the additional funds liquid. I have the receipt that the realtor sent and have since transferred the balance back to the realtor’s company. Will this give us any issues with lenders for our mortgage? Is it just a matter of proving we sent the funds to cover the deposit to our realtor? Thanks! submitted by /u/DavisvilleGuy [link] [comments]

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