Settlement funds

[Dorothygao]

Hi everyone, I have some questions about the settlement funds.
Do I must deposit 6 months before I am screened in.
If I can provide proof of funds, can I not deposit for 6 full months before I submit my application?

 

[sbali]

Hi everyone, I have some questions about the settlement funds.
Do I must deposit 6 months before I am screened in.
If I can provide proof of funds, can I not deposit for 6 full months before I submit my application?

What exactly you mean by screened in ?

You need to provide a bank letter which shows last six months average balance and the current balance. Current balance is more important and should be more than the threshold. Average balance may dip and bounce at times.

You need to provide this at the time of submitting the eApr and preferably maintain it through out