Mandatory For All Prospective Homebuyers !!
Proof Of Funds (POF) is a document that demonstrates that you have the ability and funds available to buy any of our homes. It usually comes in the form of a bank, security or custody statement. The purpose of the document is to ensure that the funds required for the transaction are obtainable and legitimate. We want to see evidence that the prospective homebuyer actually has the steady income or down payment and/or closing costs in the case of home mortgage loans before going further with the sale discussion.
Our POF requirement is not meant to be an obstacle in the way of any prospective homebuyer. For any serious prospective homebuyer in the market shopping for a home, this will be the least of their worries, as it's a normal basic industry requirement. Proof of funds must be able to cover the purchase price plus stamp duty. This system has been implemented to serve serious buyers and investors which will result in time saved. POF must be cleared funds.
Whilst, this POF primarily ascertains legitimate funds availability to prospective homebuyers, it also satisfies our KYC/AML requirements, albeit partially.
Types of documentation accepted:
To get pre-qualified, kindly choose which category of prospective homebuyer are you from below and proceed from there.