Skip to main content
All CollectionsFrequently Asked Questions
Obtaining a Proof of Funds Letter
Obtaining a Proof of Funds Letter
Nathan at New Silver avatar
Written by Nathan at New Silver
Updated over a week ago

Introduction

With an instant Proof of Funds letter from New Silver, investors can confidently enter real estate transactions with assured funding. Our streamlined process ensures you can obtain your Proof of Funds letter quickly and easily. Here are the steps:

Steps to Obtain a Proof of Funds Letter

Step 1: Start Your Application

  • Click "Get Approved Online": Visit the New Silver website and click the "Get Approved Online" button to begin the application process.

Step 2: Complete the Application

  • Provide Required Information: Enter your personal details, select your loan type, and provide information about the property you are interested in.

  • Automated Underwriting: Submit your social security number for the automated underwriting process, which takes less than 5 minutes.

Step 3: Receive and Download Your Letter

  • Successful Underwriting: Upon successful underwriting, receive a preliminary term sheet and download your Proof of Funds letter instantly.

This process allows you to get a Proof of Funds letter quickly, which can help you make credible offers on properties and show sellers that you are a serious buyer.

Did this answer your question?