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Updated almost 7 years ago on . Most recent reply

User Stats

353
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269
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Matt Leber
  • Rental Property Investor
  • Orlando, FL
269
Votes |
353
Posts

Seasoning Heloc funds for Conventional Mortgage

Matt Leber
  • Rental Property Investor
  • Orlando, FL
Posted

Hello All,

If I wanted to season heloc funds for a 7/30 closing date on a rental property with conventional 20% financing, when would the funds need to be in my account by? Is it 60 days prior to closing or 60 days prior to my mortgage application? Or two monthly bank statements?

Thanks!

Most Popular Reply

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2,372
Posts
746
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
746
Votes |
2,372
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

@Matt Leber You don't need to seasoned funds from HELOC. You can provide statement from HELOC and lender will mark funds are coming from HELOC.

  • Harjeet Bhatti
  • Loading replies...