Even if you plan to make a small down payment on a home, you can use the savings you’ve built up for closing costs or even moving costs. Some lenders want to see that you have a few months of mortgage payments on hand before granting a loan. In fact, it’s common for lenders to ask for copies of your tax returns and bank statements when you apply for a mortgage. The process of “account verification” allows them to see not just how much money you have, but also how long you’ve had it. If you have large deposits that suddenly show up in your accounts, the lender may even ask about the source of those funds to make sure you aren’t inflating your ability to pay back a home loan.