I deposit 1500 in my account cash and I took it out after a week, and I'm in process to buy a house .

You have thrown the proverbial "Monkey Wrench" into your loan... Cash deposits are a red flag for lenders... unless you can document where the cash came from, it's possible the lender could disallow that particular account, or in some instances, deny the loan altogether. This is an underwriting guideline, and it's to discourage borrowers from depositing cash from illegal activities, or borrowing money for the necessary funds to purchase. What you will need to do is write a letter of explanation and show supporting documentation. Example: you listed a car for sale on craigslist, and sold it for $1500 and deposited the funds into your account, and withdrew the funds a week later to pay bills. Provide a copy of your ad, provide a "Kelly Blue Book" valuation on your car, and provide a copy of your registration or title. The best thing you can do right now is to call your loan officer and explain to him what you did.. he should be able to guide you to what they will need to get past this issue. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You will most likely need to prove where the funds came from for the deposit. You should not need to explain the withdrawal, so long as you have enough cash to meet your closing requirements.

Email me @ pbass@nvsl.com so thatWe can go over your options

You can back the deposit out of the available funds needed for closing if you have enough of in the account already and underwriting won't ask for proof of the sourced deposit. Drew@northeast-mortgage.com we are a local CT lender.

Money for down payment must be "seasoned" for 60 days, unless it comes from an approved source. One week won't do it.

Yes... you've inadvertently created a little paperwork and letter of explanation headache for your Loan Officer... But as long as there is a legitimate paper trail on the money, is isn't any sort of deal killer. www.MetzlerMortgage.com