Hard Proof of Funds & Verification of Deposit (VOD) 
Bank Statement Proof of Funds

Sometimes an offer with a standard Proof of Funds Letter is not accepted -- the seller wants stronger proof that you do indeed have the funds available for this purchase. Typically the seller will want a current Bank Statement showing that there is cash available in an account that will be made available to you to close on the purchase of a house. This is quite common when making a purchase offer for an REO or a HUD home. 

REI Funding can provide this service for you. We can offer you a Bank Statement or Investment Account Statement accompanied by a letter that states that the funds shown on the Statement are available for you to close on the purchase. We will also be happy to verbally verify with the seller that these funds are available for you.

For this service, we charge 1/2 of 1% of the total loan amount, or a minimum of $250 (whichever is higher). This fee must be paid in advance of our issuing the Hard Proof of Funds with the accompanying Bank Statement. To order this service, please complete the form below. We will contact you to discuss the details and arrange payment.

We do not recommend that you use this service unless you already have an offer accepted and the requirement of producing a bank statement is all that is keeping your offer from being accepted. Plus, you should either have a C Buyer lined up or feel strongly that you can find a C Buyer and earn a profit from this transaction.

Please note that using this service does not obligate you to ultimately use us to fund this transaction when it comes time to close. By the same token, we are not obligated to provide you funding. 

Contact us for more info