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Slide1
Proof of Funds in Real Estate: Everything You Need to Know
Slide2What Is a Proof of Funds Letter?
It’s an official document that guarantees you have sufficient money to pay for the real estate transaction
Slide3A proof of funds letter is issued by banks, credit unions, or any financial institution that holds your money
Who Issues Proof of Funds?
Slide4Bank’s name and address
Bank statement
Balance of total funds in your account
Signature of an authorized bank employee
A Proof of Fund Letter Will Include:
Slide5It’s a document often required for the home-buying process. A seller will demand a proof of funds letter to proceed with the sale.
Why Do You Need a Proof
of Funds Letter?
Slide6How to Get a Proof of Funds Letter
Have the funds ready in your account
Request the POF from the bank
Produce the letter when necessary
Slide7A pre-approval letter states that you’re qualified for a loan. But POF is a document that states you already have the funds in your account.
Pre-approval Letter Versus POF
Slide8Do you need quick funds and loan approval letter to double close a real estate transaction?
We can help!
Slide9At DoubleClose.com, we fund your real estate deals across the
USA for double closing situations. We can provide the necessary
loan approval letter to make your transaction successful
Visit
www.doubleclose.com
for more details