If the downpayment consists of cash saved in a deposit box, how long does this cash have to be in the account of the borrower. ?

Lenders will ask for 2 months bank statements.. if the deposit shows on the past 2 months bank statements, (or any deposit over $500), the lender will ask you to source the deposits, so you need to prove where the money came from. (cash in a safety deposit box is not an acceptable source since it cannot be verified.) Guidelines disallow funds that were borrowed, so they have to be sure all funds used for down payment must come from your own funds... Understand that I am in no way, advocating a way for you to beat the system.. i'm clearly just defining the lending rules.. Loan fraud is investigated by the FBI, and if one is found guilty, the fines and penalties can be severe, so it's best to follow the rules. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

First of all, William is spot on with the seasoning of funds in your account for a down payment. For reference purposes, see the attached links regarding safe deposit boxes etc. http://www.bankrate.com/finance/savings/4-bank-safe-deposit-box-questions-1.aspx and http://www.finweb.com/banking-credit/can-you-keep-cash-in-a-safe-deposit.html#axzz4EJE5Vfgt All the best, Scott.