Proof of Funds
Proof of Funds
World Capital Holdings, LLC Encourages Clients to Continue Shopping for the Right Loan Until They Find a Mortgage Broker or Lender They Feel Comfortable With
In Real Estate, “Proof of Funds” Refers to a Written Document that Demonstrates How Much Money a Person or Entity Has Available.
World Capital Holdings, LLC requires a POF (Proof of Funds) document to show the seller that you can cover the purchase costs of a home. Purchase costs can include the down payment, escrow, and closing costs.
How to Qualify
In the case of many transactions, simply having a bank statement from your official account can qualify you. In other cases, a certified financial statement or copy of a money market account balance will qualify. Depending on the situation, you may need a letter from your bank or financial institution that states the exact amount of accessible or liquid funds that you have available. It’s important to note: mutual funds, life insurance, another person’s bank account, shares and bonds, or proof of other possessions do not qualify as POFs.
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At World Capital Holdings, LLC, it’s easier than you might’ve previously imagined. Reach out and get quick approval. We’ll be in contact within 24 hours!