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Updated almost 8 years ago on . Most recent reply

User Stats

18
Posts
7
Votes
Stephanie Windemuth
  • Real Estate Investor
  • Redmond, WA
7
Votes |
18
Posts

Proof of funds from a HELOC

Stephanie Windemuth
  • Real Estate Investor
  • Redmond, WA
Posted

We recently pulled a HELOC on our primary residence to use towards either a down payment and/or outright purchasing properties. As we are exploring properties, we are asked for proof of funds. When I asked our banker (who did the HELOC) for proof of funds on the HELOC, he said all he could do is "send an email to them saying you pulled a HELOC." Ha! We also sent one agent a copy of our "congratulations on your $xxx HELOC" letter. That didn't cut it either.

So...back to square one on the POF. Any ideas of how to show POF from a HELOC?

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