Finance
In Pennsylvania mortgage lending, 'seasoned funds' refers to:
AFunds from an investment account older than 10 years
BDown payment or closing cost funds that have been in the borrower's account for a sufficient period (typically 60–90 days) to document their source✓ Correct
CIncome from seasonal employment
DAssets held in a pension fund
Explanation
Lenders require borrowers to demonstrate that down payment and closing cost funds are 'seasoned' — meaning they've been in the borrower's verified accounts for at least 60–90 days. This prevents undisclosed borrowed funds (which would increase the borrower's debt load) from being used as a down payment.
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