![]() ![]() Lenders want to see that you can save money and are financially responsible. Seasoning shows when the money was deposited.Sourcing funds shows where the money came from. ![]() Sourcing and seasoning funds go hand-in-hand. What does seasoning mean? It means the funds have been in your bank account for at least two bank statement cycles. Whether you get a government loan like an FHA, VA, USDA, or a conventional loan, funds need to be seasoned. But they may not be the best fit for borrowers that: No, these are great loans that offer many unique advantages that other mortgage products can't. Are these good loans, and should I get an FHA loan? This type of mortgage could be the answer for borrowers that: That is a question we get asked quite often. In this article, we'll be covering: How many FHA loans can you have? Who does FHA loans? What is a 203(k) loan? Discover these answers and read on to find out if an FHA loan is right for you. If you're shopping for a mortgage and considering government loans, you may have some FHA frequently asked questions. ![]()
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