How to Get a Same-Day Proof of Funds Letter

What is a proof of funds letter?

A proof of funds letter (often shortened to POF) tells a seller, listing agent or title company that a buyer has access to the money for a purchase. For a wholesaler planning a double close, the honest version comes from the transactional lender that will actually fund the A–B purchase.

It is different from a preapproval. A preapproval speaks to a loan application; a POF letter speaks to available funds. The live guide on proof of funds vs preapproval covers that distinction in depth.

Why will a lender only issue one for a real deal?

Because the letter is a statement the lender stands behind. Axelrad's proof of funds page says it plainly: it issues letters only for deals it is involved in, as your transactional funder or lender, and not for a deal it is not part of just to help lock one up with a seller. A person on the team reviews every request.

If someone offers you a letter for any address and any amount with no questions asked, the seller's agent is right to be skeptical of it.

What do you need to request one?

The Axelrad request form asks for:

1. Your name, email and phone.
2. The amount the letter should show.
3. The property address.
4. Who it should be addressed to (optional): the listing agent, the seller or the title company.
5. When you need it by (optional).
6. Anything the team should know, such as "I'm a wholesaler and Axelrad is my funder for this deal."

Give an accurate amount. A letter for far more than the offer invites questions; a letter for less than the offer is useless.

POF letter vs bank statement vs preapproval

Many wholesalers would rather not send their own bank statement to strangers. A funder's letter shows the purchase is covered without exposing your accounts.

How fast is "same day"?

At Axelrad, POF letters come back the same day, often within minutes to hours. What speeds it up: a complete request, a real address and amount, and telling the team whether a transactional deal is already in motion. What slows it down: missing details, or a request for a deal Axelrad would not be funding.

A worked example

Example only, with round hypothetical numbers. You are writing an offer at $180,000 on a property the listing agent says will only go to a cash buyer. The agent wants proof of funds by 5 p.m.

In the morning you submit the request: $180,000, the property address, addressed to the listing agent, needed by 4 p.m., with a note that you plan to double close using Axelrad's transactional funding. A team member reviews it and the letter comes back the same day. When the contract is accepted and you sign an end buyer, the transactional funding itself is underwritten separately on the B–C contract and the end buyer's verified funds.

Is a POF letter a commitment to fund?

No. The letter supports your offer. The A–B wire still depends on the transactional file: an executed purchase contract, an executed resale contract, the end buyer's verified funds and a title company ready to close both legs. Treat the letter as step one, not the finish line. It also helps to keep the letter amount aligned with any revised offer. If you renegotiate the price after inspection, request an updated letter rather than editing the old one yourself, since an altered letter is no longer a statement the lender made.

Key takeaways

• A POF letter shows funds are available for a specific property and amount.
• Axelrad issues POF letters only for deals it is part of, with a person reviewing each request.
• Axelrad returns POF letters the same day, often within minutes to hours.
• Include the address, amount, recipient and deadline to avoid back-and-forth.
• The letter supports the offer; funding still depends on the full transactional file.

Need a letter for today's offer?

Use the proof of funds request for the letter, and when the contract is signed, start your application with Axelrad so the wire is ready when you are. Details on the product are on the transactional funding page.