Down Payment ....

down payment is part of the purchase price. the purchase price is paid to the seller of the property, not the lender.

Thanks for your reply.
Next question, can I give the downpayment ($22k) in cash at closing day or is wire/bank transfer preferred?
Need the lender a validation? If yes, from seller or from me?

cash? no way! the preferred method in my neck of the woods is bank check - not necessarily certified, but definitely a check - and not a personal check. the down payment amount would be reflected on the closing documents, so all would see it.

hello, my suggestion and experience is i never directly pass the money to seller , i just give it to title company/closing attorney/escrow company(it depends on you state). at the closing ,there will be a hud1 statement which is a clearly statement of who received how much from this transaction. For cash question, i never pay cash. I think check is a more convenient and safer way, why not?

Pay by check and if there is a realtor involved, in my neck of the woods anyway, the real estate broker holds the down payment in there escrow account.