WebMar 1, 2024 · For example, a borrower plans to sell their vehicle. The value as determined by an independent source is $10,000; the sales price of the vehicle is $12,000. $10,000 can be added to the borrower’s available funds even if the sale has already occured. The transfer of ownership of the asset, as documented by either a bill of sale or a statement ... WebApr 5, 2024 · When used for the down payment or closing costs, if the value of the asset is at least 20% more than the amount of funds needed for the down payment and closing costs, no documentation of the borrower’s actual receipt of funds realized from the sale or liquidation is required.

B3-4.3-18, Sale of Personal Assets (12/16/2024) - Fannie Mae

WebApr 5, 2024 · Proceeds from the sale of personal assets are an acceptable source of funds for the down payment, closing costs, and reserves provided the individual purchasing the asset is not a party to the property sale transaction or the mortgage financing transaction. Documentation Requirements The lender must document the following: fitbit sense change clock face

B3-4.3-02, Trust Accounts (04/01/2009) - Fannie Mae

WebKey Executives. Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET). Participation from Market Makers and ECNs is strictly … http://derekmcclintock.com/business-funds WebAssets, GD-UGCO-001 rev. 13 Page 4 of 36 Revised 9/3/2013 Documentati on Age All asset documents must be no more than 90 days old on the date the Note is signed. For new construction, the asset documents must be no more than 120 days old on the date the Note is signed. Determining Required Reserves Minimum required reserves vary depending on: fitbit sense buy online