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“Seasoned Funds” Revisited; Looking for Seasoned Funds

We defined and addressed “Seasoned Funds” in Monday’s comments, and our trainer astutely pointed out that we missed a couple of significant sources for “Seasoned Funds.” This is especially important during tax season. This is also important b/c some loans (Investment property loans for example) allow for no gift money.

Below is a list of Seasoned Funds sources.

1. Income Tax Refunds

2. Security Deposit Refunds (to former renters)

3. Earned salary income

4. Bonus income (provides for much flexibility)

5. Contract/Invoice income for self-employed borrowers

6. Home Equity Line of Credit funds

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646