Broomfield Colorado real estate purchases always require a down payment if you are looking to finance your dream home for sale. And it’s almost tax refund time. So the question that is commonly asked concerns using tax refunds to pay for a mortgage down payment or even closing costs. Can they be used for a home purchase?
What a Broomfield home buyer needs to do to in order to document the tax refund is to provide a copy of the refund check and a current bank statement showing that the refund check has been deposited into their account. If the refund was automatically deposited into their account, they won’t have a copy of the check, but the notation on their bank statement will show that the deposit is a tax refund. In the case of automatic deposits, the only documentation necessary is the bank statement.
The good thing is the money does not have to be “seasoned,” meaning it has been in your Broomfield bank account for 60 days. As soon as the refund has been deposited, it can be used to pay the down payment or closing costs. However you, as a person buying a Broomfield home for sale, decide to use those funds, it is up to you. Ask your real estate agent in Broomfield for more information.
Broomfield Colorado real estate offers a wide range of both commercial real estate for sale and Broomfield Colorado homes for sale, from affordable Broomfield starter homes to luxury homes in Broomfield areas to condominiums for sale in Broomfield Colorado. Call a qualified and experienced Broomfield Keller Williams Realtor for any question you might have or help with a search for homes in Broomfield Colorado.
Best Regards,
Shaun Werkele
Homewerks
303-250-4735
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