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?

4 Answers

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  • Judy
    Lv 7
    1 month ago
    Favorite Answer

    They might tell you to go to a bank and get a cashier's check.

    • Matt1 month agoReport

      That makes sense, thank you!

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  • 1 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.

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  • Erik
    Lv 7
    1 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.

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  • 1 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.

    • STEVEN F
      Lv 7
      1 month agoReport

      You are confusing mortgage loan approval with the actual purchase transaction.

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