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Updated about 7 years ago,

User Stats

285
Posts
67
Votes
Leon Lee
  • Real Estate Investor
  • Atlanta, GA
67
Votes |
285
Posts

Using bitcoin as part of downpayment for conventional loan

Leon Lee
  • Real Estate Investor
  • Atlanta, GA
Posted

Hi, BPers

As I recently got two offers accepted, I am tight on the downpayment and need to use the money in my bitcoin account as the part of down payment for applying conventional loans. Unfortunately, I forgot to let the money sit in my bank account for two months. So my question is: has anyone here had similar situations? If so, what documents do you need to present to the lender, showing that these bitcoins are yours? It seems that my broker has never had similar situations before and is unsure whether such situations will pass underwriting. 

Thank you!

Lee