You’ve always been able to use gift funds for the down payment on an FHA loan.
However, did you know you can also use gift funds on a Conventional loan?
Here are some of the details on this program…
- “All gift” down payment allowed from acceptable gift donor (family usually)
– Seller contributions allowed
– Credit scores as low as 620
– Loan amounts as high as $625,000
– DU Approve/Eligible required
– Seller contributions allowed
– Credit scores as low as 620
– Loan amounts as high as $625,000
– DU Approve/Eligible required
That’s it for today!
Have a good day! …and thanks for reading.
Brett
No comments:
Post a Comment