What Should A Proof Of Funds Letter Include?

Published On: September 15, 2018|Categories: Blog, Buyers, First Time Home Buyers|Tags: |

If you’re a first time home buyer in Tampa Bay, you may have a million questions about the home buying process. The good news? Your real estate agent, mortgage company, appraiser, inspector and bank have all been through all of this before. Many first time home buyers have questions about Proof of Funds letters. The buyers want to know what needs to be on the letters. Rest assured, if you go to your bank and request a Proof of Funds letter, they will know exactly what to do.

Still, if you’re curious, we can also summarize this part of the process for you. We discussed Proof of Funds letters yesterday, so check out that blog post if you’re not sure how to get a Proof of Funds letter and you want to know this ASAP. Your agent can certainly explain it to you, but if you need to know now, check out that earlier post.

The Proof of Funds letter needs to include your name and the current balance in the account. It has to be printed on bank letterhead and it must be signed by a bank official. Sometimes people will accept nothing more than a recent bank statement, so you can always double check.

You can always black out the actual account number or your social security number if you’re worried about the seller seeing this information, of course. You just need to make sure it’s clear that the Proof of Funds letter is pertaining to you!

Most banks do this so often they will even have their own templates they use!


If you’re interested in selling a Tampa Bay area home, please contact us for more information about listing your home. Check out our helpful article describing the process and how to decide if it’s the right time to sell.


If you’re thinking about buying a home in Tampa Bay, do a quick online search or check out our:

Our experienced agents know the area and would love to find you the perfect home in the Tampa Bay or any of the surrounding areas.  When you’re ready, call us at 813-961-6000, or contact us online. We handle real estate in Hillsborough County (the Tampa – St. Petersburg – Clearwater metropolitan area), real estate in Pasco County (Port Richey, New Port Richey, Dade City, Zephyrhills and San Antonio), and real estate in Pinellas County (Tampa – St. Petersburg metropolitan area.) We’ll help you find the right home for your needs!