Proof of Funds: US Primary Home Mortgage

[sameer318]

Hello All,

Sorry but I could not find a concrete answer to this so posting. I have been working in US for quite some time and have a primary home. As POF, I have shown checking/saving balance letter and statements. Also credit card statement. The liquid balance is comfortably over required limit.

Since the language says "list all outstanding debts, such as credit cards and loans" I am inclined to include my lender's latest mortgage statement. I am just concerned that an ignorant officer might consider this liquid assets - liabilities and reject this. At the same time, I don't feel like omitting this is correct either.

Curious to know, how people handled this and what were the issues in approval if any.

Thanks

 

[sameer318]

Hello All, any feedback from people who have submitted is appreciated.

 

[clguy]

Hello All,

Sorry but I could not find a concrete answer to this so posting. I have been working in US for quite some time and have a primary home. As POF, I have shown checking/saving balance letter and statements. Also credit card statement. The liquid balance is comfortably over required limit.

Since the language says "list all outstanding debts, such as credit cards and loans" I am inclined to include my lender's latest mortgage statement. I am just concerned that an ignorant officer might consider this liquid assets - liabilities and reject this. At the same time, I don't feel like omitting this is correct either.

Curious to know, how people handled this and what were the issues in approval if any.

Thanks

All you need to provide is six months online bank statements showing the required funds nothing more. My bank is Bank of America. I had credit card debt, mortgage, car loan and I didn't furnish any information regarding those. My online statements showed payments that I made to my creditors every month and it was no issue.