Which funds are verified to have been in the bank for a minimum of 60 consecutive days?

Seasoned funds refer specifically to those funds that have been in a bank account for a minimum period, which is typically at least 60 consecutive days. This verification is important in mortgage lending, as lenders want assurance that the borrower has stable, consistent access to those funds, indicating they are not newly deposited or unverified.

In the context of loan applications, seasoned funds can help demonstrate the applicant's financial stability and ability to manage their finances over time. Lenders often prefer seasoned funds as they are less likely to be a result of last-minute cash infusions, which might not be sustainable.

Other options, while they may relate to financial terms and funds, do not specifically indicate the requirement of being in the bank for 60 consecutive days. Current funds may refer to any available funds regardless of their age, liquid funds focus on the ability to convert assets to cash quickly, and available funds pertain generally to the funds accessible for use at any given time without the specific timeframe criterion.