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Updated almost 6 years ago on . Most recent reply

Elijah O.'s profile image
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Elijah O.
  • Member since Mar 14, 2019
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Elijah O.
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Elijah O.
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New Member Introductions

P.O.F (proof of funds)

Elijah O.
Posted

Hello please what is the best way to get a P.O.F (proof of funds) should i use a transactional funding company or a lender.

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Kyle J.'s profile image
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Kyle J.
  • Rental Property Investor
  • from Northern, CA
  • Member since Jun 14, 2012
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Kyle J.'s profile image
Kyle J.'s profile image
Kyle J.
  • Rental Property Investor
  • from Northern, CA
  • Member since Jun 14, 2012
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Kyle J.
  • Rental Property Investor
  • Northern, CA
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Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

Proof of funds is used for cash offers and is simply a printout showing that you have the money necessary to close a transaction in an account with your (the buyer's) name on it.  If you're using a lender, you should be looking at making financed offers and getting a pre-approval letter from your lender. 

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