Valued Member
maryellis1981
Posts: 31
Registered: ‎04-12-2011
Downpayment

Hi Everyone,

 

Hoping somone can help :smileyhappy:

 

My bank is requiring a 10% downpayment in order to get a loan.  I will be getting preapproval in the September however by my calcautions, I won't have quite 10%.  I will be about 2k short but I will have 10% by the time I can close around end of November/ begin of December.  Do you think the bank would want to see the 10% in my account for preapproval?  Or will I be okay if I don't have the full downpayment until the closing date?

 

Thnx!