One of those documents will be a “proof of funds” (POF) letter. This real estate paperwork lets the seller know that the prospective buyer (or entity) has enough money to cover the down ...

A proof of funds letter, or POF letter, proves you have the funds to buy a home. You might need one whether you’re getting a mortgage or paying for the property with cash. Many mortgage lenders ...

Proof of funds can come in other forms, including a letter from an accountant verifying the buyer’s net worth. Keep in mind that proof of funds letters can sometimes be subjective, and sellers ...