Does down payment from line of credit need to be seasoned?

[Weng L.]

Does conventional loan lender allow you to withdraw money from personal line of credit or heloc as down payment of investment property ? or it has to be seasoned? Thanks

[Eric Veronica]

@Weng L.  The key word here is "SECURED".  A secured line of credit (home equity line of credit) can be used as qualifying down payment as long as the line of credit is in your name.  An unsecured line of credit (credit card) cannot be used as a down payment.  

This answer assumes that you are looking for conventional financing.