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Updated about 2 years ago on . Most recent reply

User Stats

17
Posts
11
Votes
Kevin Vincent
  • Investor
  • Miami, FL
11
Votes |
17
Posts

Commercial vs Conventional Loans

Kevin Vincent
  • Investor
  • Miami, FL
Posted

Hi Everyone, 

I know the when applying for a conventional loan it is required to show proof of funds at a minimum of 60 days out from the time you apply for the loan. For example, if I'm buying a house and will be putting $100K down, from an account that is separate from my checking account that I use daily, those funds need to show in my account 2 months prior to my loan application. 

When applying for a commercial loan, are these requirements still necessary? Or anything similar?

Any insight on this would help, thank you!

  • Kevin Vincent
  • Loading replies...