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GOBankingRates on MSNWhat is a ‘Proof of Funds’ Letter? What Homebuyers Should KnowOne of those documents will be a “proof of funds” (POF) letter ... has enough money to cover the down payment and closing ...
Funds must come from a bank account in your name – we can’t accept third-party funding. Each proof of payment is manually processed, which may take a few minutes, and is monitored from Sunday 9.30pm ...
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