Tag Archive for: sourced funds

Equity Lines and Mortgage Funds = Seasoned Funds

This is a quick reminder that “cash out” from equity lines, second mortgages and first mortgages is considered to be “seasoned funds” no matter how recently the cash was obtained. […]Read More

How Long Do Funds Have to Season? Clear Bank Statements

We are often asked how long funds for down payments or closing costs need to “season” before a lender will not question their source. This question arises when borrowers have […]Read More

Foreign Funds Can Be Used; Paper Trail; Translation; Gift?

It is very common for home-buyers in California to access foreign funds for down payments and closing costs. Lenders allow the use of foreign funds as long as they can […]Read More