An applicant may have liquid assets of no more than $20,000 or 20% of the sales price of the home being purchased, whichever is greater, at the time of closing. GIfts of substantial amounts are considered liquid assets. Stocks and other readily salable securities are considered liquid assets, unless they are restricted by IRA, 401(k) or other similar requirements. IRAs, 401(k) plans and other similarity qualified retirement accounts are not considered to be liquid assets.
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