Are you a first-time homebuyer in Colorado Springs? 🏡 719 Lending is here to help you navigate the essential elements of the home buying process! In this informative video, we discuss two crucial factors: sourcing and seasoning of funds.

💰 Sourcing: Learn where your down payment should come from and why mattress money won't cut it! We'll explore acceptable sources like checking accounts, savings accounts, 401ks, and investment accounts.

📆 Seasoning: Discover why underwriters want to see your money sit in an account for at least 60 days. Avoid the hassle of transferring funds between accounts and save time!

🎁 Gift Funds: Can your family help with your down payment? Yes, they can! Find out how, while still adhering to sourcing and seasoning rules.

🤝 Earnest Money: Learn how to use earnest money as part of your transaction and ensure it's sourced and seasoned correctly.

Watch this video to gain valuable insights into the asset statement requirements for homebuyers in Colorado Springs. Make your home buying journey smoother with 719 Lending!

🔗 Key Links:
Learn more about us at 719 Lending
Need a home loan? Apply here: [Link](https://719lending.my1003app.com/register)
Have questions? Contact us: [Link](https://www.719lending.com/contact-us)

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📍 719 Lending Inc.
104 S Cascade Ave, Ste. 201, Colorado Springs, CO 80903
📞 (844) 719-5363 (LEND)

⚠️ Disclaimer: This blog/video is for informational purposes only. The content is not guaranteed or endorsed by 719 Lending, Inc., nor is it an offer of credit. The information may not be applicable in all situations. Consult your mortgage advisor before acting on this information. Equal Housing Opportunity. Company NMLS: 1601989

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