Introduction
This topic contains information on the verification of assets for non-U.S. citizen borrowers.
Verification of Assets for Non-U.S. Citizen Borrowers
The lender must document all sources of funds used for down payments and closing costs.
Funds that a non-U.S. citizen borrower recently deposited in a U.S. depository institution are an acceptable source of funds provided all of the following requirements are met:
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There is documented evidence of funds transfer from the country from which the borrower immigrated,
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It can be established that the funds belonged to the borrower before the date of the transfer, and
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The sources of all funds used for closing can be verified just as they would for a borrower who is a U.S. citizen.