How Come My Loan Officer Wants Me To Show My Bank Statements?

February 4th, 2010 at 06:44am Under Loans

I am doing a Stated Income loan. Why do I need to show bank statements if I have direct deposit from my employeer? That would be “showing my income” compared to “stating my income.” Do I have to show them? And, is there another way around it? Please help!

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