Digital Wallet apps like Venmo® and Zelle® are becoming very popular as more people walk away from traditional checking accounts. If you use these apps mortgage lenders may or may not be able to use these funds. Let’s talk first to get you the right loan!
Related Article Title: Fannie, Freddie & FHA – Digital Wallet Apps – Can we use Venmo® or Zelle® deposits as an acceptable source of fund? Answer: Fannie & Freddie Say: This is a good question, especially as we watch payment systems evolve. That said, this is a “no go” for use as available assets. The […]