If you're looking to buy a house, you'll have to provide a lot of documentation — including a proof of funds (POF) letter. In most cases, this document shows the seller that a prospective buyer ...

Generally, proof of funds must be within 90 days of closing or the mortgage application. The more recent, the better. In certain circumstances, lenders may require POF no older than 30 days.

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.

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 ...

If all of your money is in an account at your local bank, visit that facility and ask for a “proof of funds” letter from them. Be sure to give your financial institution a few days.