Can you make a down payment to a house in cash?
I'm not talking about cash in the bank, I'm talking if I show up with 6,000 USD in 20s in a brief case are they going to accept that or is there some legal reason they wouldn't accept that or maybe just think it was too weird and wouldn't trust it?
- JudyLv 71 month agoFavorite Answer
They might tell you to go to a bank and get a cashier's check.
- babyboomer1001Lv 71 month ago
It's not illegal. But if the homeowner doesn't want to be bothered to count it, be prepared to take it to the bank.
- ErikLv 71 month ago
Of course they'll accept it. $6000 is not a lot of money in cash. Even if it's all twenties, that's only three "straps" (stacks of 100 bills).
The real question is, what kind of house has a down payment of $6000? There are cars with larger down payments than that.
- StephenWeinsteinLv 71 month ago
Your first problem is that $6000 isn't really enough for a down-payment on a house.
Anyway, the answer is no. For a down-payment, they won't even accept money that you recently put into the bank. They want to see money that has been there for a long time.