What are certified funds?
Certified funds include the following:
💡 Tip: Payments made through your Valon online account don't qualify as certified funds—so, you can't pay using your Valon online account in the situations outlined below where certified funds are required.
When are certified funds required?
The following situations will always require certified funds:
- Payoffs
- Re-amortizations
- Total payments of $10,000 or more
- Additional payments (such as additional principal or escrow) of $10,000 or more