A proof of funds letter would be from someone's bank or IRA account proving they have enough cash in the account to cover the offer price.

You might also have a problem finding banks willing to lend since there usually aren't very many.

@Brian Quigley  Typically if you are not looking for bank financing your progression would be private individuals then hard money.  

(Had to make special arrangements for them to accept a cashiers check with escrow acct info on check and got deposit slip from bank officer after verifying account with escrow company, I almost backed out of deal and it would have affected two other contingencies).I have other questions in regarding the escrow process which I found unprofessional .

The banks are unwilling, or that would have been my first point of thought.

I use Centennial Bank for my commercial loans.

DTI= $55K/$108K = about 50%From reading, it seems to me that part of the reason banks take 25% off of the gross income is to cover for PITI, so it would seem redundant to count it again as in example 1 above.

You will be paying more initially on a "double mortgage" - one to her and one to bank but it would make you both money until you have enough capital to do it without her. 

I posted numerous times about how everyone and their mothers are in the game with the rising market, I got to auctions and there is like 100-200 people in Bergen County just driving prices to crazy levels... if it's not the prices being driven up, the bank wants something totally ridiculous. 

The best rate I'm able to find on $449,000 is 4.75 paying 2 points.Can the bank typically do this as two loans?