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Frequently asked questions

Why would my verified assets that are used to determine my down payment be lower than expected?

We must verify that you have control over the assets you are planning to use for your down payment. There are some cases when verified assets might be lower than you expect. Here are a few examples:

  1. If you have large deposits in your bank account from an ineligible source (e.g. cash deposit, undocumented source, unsecured loan such as a credit card advance) we will not be able to give you credit for those funds.
  2. We are typically only able to use assets from investment and retirement accounts if they are liquidated prior to closing the loan.
  3. We are only able to use a percentage of any pending property sale values, and not the full amount.
  4. We only consider assets from business accounts on a case by case basis.

If you want additional certainty as to the purchase price you qualify for, we recommend getting a verified pre-approval letter.

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    Β© 2021 Better Holdco, Inc. and/or its affiliates. Better is a family of companies. Better Mortgage Corporation provides home loans; Better Real Estate, LLC provides real estate services; Better Cover, LLC provides homeowners insurance policies; and Better Settlement Services provides title insurance services. All rights reserved.

    Home lending products offered by Better Mortgage Corporation. Better Mortgage Corporation is a direct lender. NMLS #330511. 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007. Loans made or arranged pursuant to a California Finance Lenders Law License. Not available in all states. Equal Housing Lender. NMLS Consumer Access

    Better Real Estate, LLC dba BRE, Better Home Services, BRE Services, LLC and Better Real Estate is a licensed real estate brokerage and maintains its corporate headquarters at 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007. A full listing of Better Real Estate, LLC’s license numbers may be found here. Equal Housing Opportunity. All rights reserved.

    Better Settlement Services, LLC. 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007

    Homeowners insurance policies are offered through Better Cover, LLC, a Pennsylvania Resident Producer Agency. License #881593. 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007

    Better Mortgage Corporation, Better Real Estate, LLC, Better Settlement Services, LLC and Better Cover, LLC are separate operating subsidiaries of Better Holdco, Inc. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation, and applicable and legal and regulatory requirements. Products not available in all states.

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