I have two cars and I sold one. Can I use it for a condo down payment? And how I prove that to the lender ?

Yes.. You simply have to prove you owned the asset. Then you need to prove liquidation and paper trail all of the funds into your account from the buyer's account. Because you own another vehicle it should make sense to an underwriter.If the condo is not FHA approved it's not impossible to get approved, it just takes some time to get it done. I'd bet on 6 week approval because of condo issue.

Absoluteley! we just need to show the paper trail of the car being sold and then show you having liquid funds from the sale. As for the condo not being FHA approved there are many conventional programs with little money down. Please call me so I can explain in better detail. 267-296-9185. Thank you!

Yes, as long as you have proof that you owned the Car, can show the paper trail ( bill of sale) and monies going into your account-How much are you looking to put down? Please inbox me at pbass@nvsl.com so that I can get some more information

you can absolutely use the fund from the sale , deposit the funds into your account and provide proof by providing the bill of sale and the lien release to your loan officerErnesto Marezemarez@thefederalsavingsbank.com

Sure... that is fine. if the sale took place recently, underwriting will require proof of the sale, and even proof you had a car to sell. Bill of sale, proof of previous insurance, lien release and more all work to prove the sale.