Proof of Funds
Proof of funds is documentation demonstrating a buyer's financial capacity to complete a property purchase, typically bank statements showing sufficient liquid assets for down payment and closing costs.
| Acceptable Documentation | Format |
| Bank statements | 3-6 months certified |
| Investment account statements | Brokerage, retirement accounts |
| Letter from banker | Confirming available balance |
| Asset liquidation evidence | Pending sale proceeds |
| Amount Requirements | Coverage |
| Down payment | 20-35% of purchase price |
| Closing costs | 6-7% of purchase price |
| Buffer | Additional 3-6 months reserves preferred |
| Total demonstration | 25-40% of property value |
| Presentation Timing | Stage |
| Serious inquiry | Show indicative capacity |
| Offer submission | Attach to Form F |
| Bank application | Required for mortgage approval |
| DLD transfer | Final verification |
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