Using Business funds for Jumbo Mortgage Downpayment and Reserves? No problem
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.
We make Jumbo loans easy!
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