Will the bank count these funds? My company ESPP works like this:
25% of my bi-monthly paycheck (after taxes) is withheld and sent to some kind of company escrow account. This is done for 6 months. At the end of the 6 month period, the money is used to buy (and if I chose, immediately sell) common stock at either current days price or the price 6 months ago (which ever is lowest), minus 15% (I get a 15% discount on the purchase). Thus, I'm guaranteed at least a 15% return + all of the money that belongs to me from the escrow account. This growing account balance is shown on my bi-weekly pay stub. But the money is only accessible to me at the end of the period or if I get fired/quit.
My house closing is in 6 weeks. In 3 weeks the ESSP period ends and I'll be selling / cashing in that entire account. I'd like to use some of the funds for closing. I'm having a difficult time explaining this to the lender who is submitting to the underwriters. They basically want to ignore that money and not deal with it. However, i'd really like to use it for a larger down payment. The issue is, that has to be approved weeks before closing. Should I be able to force this issue? Or, am I stuck not counting any of that money as mine, even though I am guaranteed that money?