Buyer Guide
Proof of Funds Letters Illinois Off-Market Sellers Accept
A clean proof of funds package tells the seller you can close, protects private financial information, and helps your offer stand out when speed matters.
What the letter or statement should show
- Buyer name or entity name matching the offer or assignment paperwork.
- Financial institution or lender name, date, available balance, and contact path.
- Enough liquid cash or approved financing to cover price, assignment fee, closing costs, and reserves.
- Redacted account numbers and unrelated transactions when a bank statement is used.
Common problems that slow sellers down
- Old screenshots with no date, institution, or account holder.
- Hard-money letters that are generic, conditional, or not tied to the buyer.
- Proof showing only earnest money, not the funds needed to close.
- Creative-financing offers with no proof of down payment, holdback, or reserves.