Using Business funds for Jumbo Mortgage Downpayment and Reserves? No problem

 In Jumbo Portfolio Mortgage Programs

By: Tax CreditsCC BY 2.0business account.

For most Jumbo lenders using business funds for downpayment and/or reserves is a no-go or very difficult. We have programs that allow the use of business funds. By business funds I mean funds that are in currently in a business account or have been recently transferred from a business account.

All we need is a letter from the CFO, accountant or controller stating that the use of the business funds will not affect the day to day operations of the business. It’s that simple.

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