What is a Proof of Down payment (as part of the Initial offer)?

Jesse Abrams - December 30, 2017, 9:46 pm

Why do you need a Proof of Down Payment?

This is shown to prove that an actual transfer of funds has happened to purchase the home in the initial offer. Generally this amounts to roughly 3-5% of the price of the home and was provided by the borrower to the seller during the home purchase. 

How do I show my Proof of Down Payment? 

A copy of the applicant (borrowers) bank statement showing the transfer of the funds

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