How many days must seasoned funds be in the bank to qualify as seasoned?

Seasoned funds refer to the money that has been in a borrower's bank account for a specified period and is considered stable and verifiable for lending purposes. In the context of mortgage lending, funds are typically regarded as seasoned when they have been in the account for at least 60 days. This time frame allows lenders to ensure that the funds were not recently acquired through non-repayable means, reducing the risk of fraud or last-minute financial maneuvers that could affect the borrower's creditworthiness.

When funds are seasoned, it indicates a level of financial stability that is more favorable for a mortgage application. Lenders want to see that the borrower has had adequate time with the funds to demonstrate they are not reliant on short-term loans or gifts that could affect their ability to repay the mortgage. Thus, 60 days has been established as the benchmark for a period of financial stability, which is why this is the correct answer in the context of mortgage lending practices.