Utah County Homes for Sale - Source of Funds
Source of funds for your down payment and closing costs is one of the major concerns when it comes time to close on your home loan. Lenders will require statements for the last two or three months on any of your liquid assets. This includes checking and savings accounts, money market funds, certificates of deposit, stock statements, mutual funds, and even your company 401K and retirement accounts.
It is very important that there not be a lot of movement between the accounts mentioned above just prior to or during the closing process. Lenders will require a complete paper trail of all the withdrawals and deposits. Moving your money around, even if you are consolidating your funds to make it easier could make it more difficult for the lender to properly document. So it is important to leave your money where it is until you talk to a loan officer.
Buying a home in Utah can be an adventure. Utah County has a moderate climate with average temperatures in the Utah County Valley ranging from the about 20F to about 92F. Provo Utah was founded in 1849 and was one of the first settlements in Utah County. Provo got its name from the Provo River which in turn took its name from the mountain man, Etienne Provost. Many of the other Utah communities were officially founded and named the following year, 1850 including Alpine, American Fork, Lehi, Pleasant Grove, Eagle Mountain, Cedar Hills, Highland, Saratoga Springs. The city of Orem was named after W.C. Orem, builder of the railroad which ran through town. Utah Real Estate in Utah County has grown quickly due to the major sources for income in the Salt Lake County area such as education, medical, manufacturing, computer and service companies. Utah County boasts over 10,500 businesses. The largest employers are Brigham Young University followed by the Alpine School District, Inter Mountain Health Care, Utah Valley University, Home Buyer Depot Utah , Home Buyer Realty Utah and Novell to name a few.
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