If you are not currently a borrower with ABL, there is a one-time $250 processing fee for the proof of funds. However, once this fee is paid you are entitled to unlimited proof of funds requests. If for some reason you don’t get your first or second bid, ABL will be happy to continue issuing proof of fund letters as you continue your search for the perfect investment property. In addition, should you move forward with the project and choose to close a loan with us, the fee will be credited back to you on the HUD at closing.
Once you have made the request, a member of our loan processing team will provide you with a secure method to pay the deposit. Our team is typically able to complete your proof of funds request within a few hours of receipt.