Funds In Bank Statements
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Funds In Bank Statements That Cannot Be Used By Lenders

ByGustan Cho Posted on

This guide covers funds in bank statements that mortgage lenders cannot use.  All funds in bank statements that are newer than 60 days need to be sourced. All lenders require two months of bank statements from borrowers. In order for lenders to be able to use funds in bank statements, the funds needs to be…

Acceptable Sources of Verifiable Funds for Closing
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Acceptable Sources of Verifiable Funds for Closing

ByMike Gracz Posted on

In this blog, we will cover and discuss the acceptable sources of verifiable funds for closing. With the majority of qualified (QM) mortgage products being overseen by the federal government, there are very strict rules and regulations on what type of funds are acceptable for use when buying or refinancing a home. Funds that are…