cancel
Showing results for 
Search instead for 
Did you mean: 

Seasoned/Sourced Funds for Down Payment

tag
Anonymous
Not applicable

Seasoned/Sourced Funds for Down Payment

Do funds for the down payment on a home purchase typically need to be seasoned and sourced or just one or the other?

I am in sales and am due to get a large commission check at the end of this month and would like to use that as my down payment. Since I can prove wothbmy pay stubs that this is normal income, can this be used?
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Seasoned/Sourced Funds for Down Payment

Yes you will benfine to use any income you can verify, work income by far the easiest because as you said pay stub will reflect.

Message 2 of 3
H-B
Regular Contributor

Re: Seasoned/Sourced Funds for Down Payment

This income will show as payroll so your funds are good to use. 

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.