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Acceptable Sources of Funds

 

Business Funds (allowed per specific guidelines)
Checking and Savings Accounts
Employer Assistance
Gift Funds
Retirement Accounts
Trust Funds Disbursement

 

Unacceptable Sources of Funds

Cash advance on credit card
Cash for which the source cannot be verified (cash on hand)
Commission from sale of subject property
Depletion of assets
Gift that must be repaid
Margin accounts
Payment for services rendered from the sale of the subject property (i.e., real estate commission)
Pension fund
Personal loan
Reverse mortgage
Salary advance
Seller Real Estate Tax Credit
Signature loan
Sweat equity (contribution to the rehabilitation of a property in the form of labor or services)
Unsecured financing
 Unverifiable source of funds