Posted by Russ Sims on December 10, 1998 at 21:31:36:
You can sure use credit line money for a down payment, but my advice would be to transfer the necessary $ into your checking account well in advance of applying for financing. Lenders really like it when they think you are using your own money for the down. If you tell them up front you plan on using credit line money, well, they can get an attitude. In general, the more they think that you are risking your own money, the better they like it. At least that’s been my experience.