They are asking us to approve $1500 (fifteen hundred) to provide a payoff statement.

Have you been working on building your cash for down payment, working on your credit score & getting pre-approved for a loan @Nokukhanya P.N Ntuli? 

I am pre-approved and under contract with a builder for a single family rental in Lincoln, CA and would like to connect with private lenders. 

No hoa and the township is very flexible but still need to get the approval of course.

Also if we were to get approved for the FHA loan then the downpayment would still be a hefty amount so we were also wondering if you guys knew of any helpful options that could be good for us if we were not able to come up with the full amount needed for the donwpayment in time.

Then, for proof of funds, you will most likely use a commercial lender to get pre approved for your next purchase.

From the time it takes to get pre approved, to the other hoops you have to jump through I'm looking for another way in the future. 

They red-tagged us and we were forced to pay for plans to be drafted, approved, and several inspections before they permitted us - set us back several thousand dollars and an extra two months as a result - still, we were able to complete the project and still appraised for more than we spent.

So now the goal is to come up with those funds before we can even get pre-approved. 

Goals and story: My friend is a foreign national, immigration status has been approved but still waiting on green card, has social security and runs a lucrative business that mostly deals in cash.