errolc, Home Buyer in Cape Coral, FL

can proof of funds be a cashiers check from a local bank?

Asked by errolc, Cape Coral, FL Fri Mar 8, 2013

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Answers

10
Proof of funds usually means
1) A bank account with your name and the funds
2) A brokerage account with your name and the funds

Susan Penn, PA, SFR, CDPE http://about.me/HomesForSale_SusanJPennPA
EWM Realtors® | A HomeServices of America Company | An Affiliate of Berkshire Hathaway
2000 Main Street, Suite 103 | Weston, FL 33326
T: 954.306.7337 | C: 954.557.5993 | F: 954.515.0200 | penn.s@ewm.com | http://www.ewm.com
0 votes Thank Flag Link Thu Apr 25, 2013
Yes it can be. Though listing agents would prefer a bank statement, an asset statement or a letter from the bank
0 votes Thank Flag Link Wed Mar 13, 2013
Yes, they can be as long as it show the name of the person in the contract or a letter explaining.
0 votes Thank Flag Link Wed Mar 13, 2013
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Yes, they can be, just depends on the loan program

After reviewing programs below, please call me to go over loan options.

1) 100% LTV- VA - pay off debt at closing on a purchases too!
2) 100% LTV- USDA - 12 mo. into Chapter 13 BK…OK Too!
3) 99% LTV- FHA
4) 97% LTV- NEW- No PMI -No FHA 1.75% MIP Fee!
5) 95% LTV- NEW-No PMI!
6) 95% LTV- NEW-CONDO Loan
7) 90% LTV- NEW-No PMI -2nd Home
8) 90% LTV- New-Jumbo w/cc
9) 85% LTV- NEW- No PMI to Super Jumbo
10) 80% LTV- Rental Property

------------STATED INCOME ALT Loan programs-------------
11) 80% LTV- to Super Jumbo
12) 80% LTV- FIX n’ FLIP Invest. Prop. – No min. credit!
13) 75% LTV-to Mega Jumbo
14) 75% LTV- Foreign Nationals-to Super Jumbo
15) 75% CLTV-after Short Sale, BK, Foreclosure to Super Jumbo
16) 70% LTV- Hard Money to Jumbo
17) Lot Loans / Land Loans Too!

Go to: http://WWW.PRO-OPTION-COM or call 888-662-4404

Steve McRory
Pro Option Mortgage/ Florida
steve@pro-option.com
http://WWW.PRO-OPTION.COM
Ph: 888 662 4404
#204296

Prior Service U.S. Marine Corps
====
0 votes Thank Flag Link Sat Mar 9, 2013
Most lenders want to see funds "seasoned", meaning they have been deposited for over 30 days. If you are paying cash and there is no lender involved then a cashier check will be sufficient proof. But at closing the title company will still prefer you wire the money, over a cashier check.
0 votes Thank Flag Link Fri Mar 8, 2013
The best way to show proof of funds, is either by producing a bank statement, or with a letter from your bank stating your most recent bank balance.
0 votes Thank Flag Link Fri Mar 8, 2013
Errol, it is much better to show funds already in place in a U.S. bank. Show a bank statement rather than the cashier's check.
0 votes Thank Flag Link Fri Mar 8, 2013
You got to stoll probing where the funds coming from .
Call me at 954 549 3060 we can discuss your best options
Regards
Alberto Castre
Keller Williams Realty
0 votes Thank Flag Link Fri Mar 8, 2013
You got to stoll probing where the funds coming from .
Call me at 954 549 3060 we can discuss your best options
Regards
Alberto Castre
Keller Williams Realty
0 votes Thank Flag Link Fri Mar 8, 2013
It is recommended to deposit that cashier check en your bank account and give statement as proof of funds
0 votes Thank Flag Link Fri Mar 8, 2013
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