So, we just sent in an offer on a house stating how much we will pay in cash (down payment). I understand that this is transfered to the seller (along with the loan amount) at settlement. However, our next step is to apply for the loan, though we have been pre-approved. Currently, we don't have the exact amount of the down payment in our accounts, however, we will by settlement due to 4 more paychecks coming in.
Does it matter to the lender at the time of loan application, whether the full amount of the down payment is in our possession?