Clarity on where your funds come from can make or break your mortgage approval. We help you get it right from the start. Not sure what the acceptable sources for mortgage down payment are? We are here to bring clarity.
We believe that the path to homeownership should not be blocked by confusion around your finances.
Before your loan can close, your lender needs to verify where your down payment funds are coming from. This is not just red tape, it’s about ensuring compliance with lending guidelines and preventing potential delays or denials. Whether your funds come from savings, a gift, or the sale of another asset, documentation is key.
Lenders typically accept funds from the following sources:
Personal savings or checking accounts
Retirement or investment accounts
Gifts from family members (with a gift letter)
Proceeds from the sale of an asset (like a car or home)
Employer assistance or government grants
Each of these requires specific documentation. At CLG, we walk you through what’s needed — no surprises.
Depositing large sums of cash with no paper trail? Using borrowed money from a friend? These are examples of red flags that could stall or jeopardize your approval. Lenders need to verify that your down payment funds are stable, legitimate, and non-repayable (if gifted).
We believe that transparency builds trust — and trust moves you closer to your dream home.
At CLG, we take the guesswork out of sourcing your down payment. Our advisors review your financials with you and let you know exactly what’s needed. We’ll even help you prepare the documentation and communicate directly with underwriters to keep things moving forward.
Not sure if your funds will be accepted? Let’s talk. Our team is here to help you plan ahead and stay on track toward approval.
