circa 10 Report post Posted November 18, 2013 Hello, I have been pre approved fha loan and we're not in the actual application process. It's requesting bank statements but I have only recently opened a bank account. For the past 2 years I have had all of my pay checks direct deposited onto a prepaid money card. Lot's of people do this.. My question is how will FHA view this? I have heard that a bank account is not mandatory but it still begs to question how to document my payroll without using the landing point that they were deposited? Please help.Thank You Quote Share this post Link to post Share on other sites
CanIOwn 0 Report post Posted May 12, 2014 FHA will want to see a bank statement. You may try getting a printout of the activity on your pre-paid card. that may also be acceptable. they really just want to see verification of the income and you stated that the pay checks are going directly into your pre-paid account. Try that first! God Bless Quote Share this post Link to post Share on other sites
