Gambling activity and mortgage approval

User Forum Topic
Submitted by westcoasterforlife on March 9, 2011 - 12:21am

My spouse did some gambling in 2009 at the $40K level (won some, then lost some), but was probably down about $7500 for the year. With mortgage companies requesting tax returns to obtain loans, will this affect our ability to get a mortgage at a decent rate? We have 20% down, very stable jobs, and great credit scores. Any thoughts on this would be welcome.