Help! Source of Down payment from Sale of Personal Property?

[Alfred Litton]

I'm in contract on a SFH and would like to use cash from the sale of inherited personal property and the sale of some of my own property (gold and silver and other collectibles). If I receive cash for this and deposit it into my checking account, with the lender think this is odd or not kosher? Don't want to look like I robbed a 7-11 or that I'm a drug dealer! Would most lenders be okay with that being the majority of the 20% down payment??

[Bob Okenwa]

@Alfred Litton

Get a bill of sale for whatever you sell. If you're adding cash to your bank account this late in the game without being able to source it, it probably won't be allowed. It's best to document everything and keep it on file as proof should it be requested from the underwriter.