A formal letter showing an available, undrawn line of credit.
You can redact account numbers, but do not black out names or balances. PROOF OF FUNDS APARTMENT LOANS
Lenders typically look for , meaning assets that can be converted to cash quickly. A formal letter showing an available, undrawn line of credit
Must match the borrower or the purchasing LLC. Balance: The total amount of accessible funds. A formal letter showing an available
💡 Always keep a fresh, dated POF on hand. In a competitive market, being able to attach this to your Letter of Intent (LOI) can be the difference between winning or losing a property.
Signed by a representative on official bank letterhead. ⚠️ Important Considerations