What does NOT count as "own funds" in mortgage lending?

The focus here is on understanding what qualifies as "own funds" in the context of mortgage lending. "Own funds" refer primarily to the borrower's personal financial resources that can be verified and used toward the down payment or closing costs in a real estate transaction.

In this case, funds intended for loan funding from a third party awaiting purchase as an assignment do not count as "own funds" because these are not the borrower's personal assets. Instead, they represent a transaction where the funds are pending completion of an assignment, and thus cannot be considered as available resources that the borrower possesses outright.

In contrast, cash reserves maintained by the lender, available credit lines at banks, and equity taken from other real estate holdings may all provide proof of financial stability and can be assessed in determining a borrower's capacity to undertake further loans or mortgages. These options illustrate forms of assets or liquid resources that a borrower can access or utilize, therefore they fit within the framework of what can be considered as "own funds."