The down payment for the property being purchased is entered in the
Down Payment section on the Application
Edit screen. This section can be directly accessed by clicking Application Information > Down Payment
in the Left Navigation
Pane.
Note: Down Payment sources may already exist in section as a result of:
Assigning portions of assets as down payments (see Entering Applicant Assets)
Proceeds from the sale of an existing property (if a Purchase application)
Allocation of existing property equity (if a Refinance
application)
For the latter two options, see Entering Existing Properties of Applicant for more information.
To add a down payment, complete the following steps:
From the numerical dropdown, select the number of
down payment sources to enter, and then click the Add
Down Payment button. The section refreshes to display the equivalent
number of rows for the selected number of sources.
Enter the required information in the available fields:
Source dropdown, Description,
and Amount.
To delete a down payment source, check (select) its checkbox and click the Delete Selected button.