Mortgage Questions: Gift Money How Does That Work

Mortgage questions give you insights into how lending when purchasing a home in Southern California.  Get your mortgage questions answered today.

Question of the Day:  

How much of my down payment can be a gift if I’m going with a Conventional Loan?

Answer:

As long as the loan amount is below $417,000 you can have 100% gift funds with a minimum of 5% down.

California Buyer Home Loan Qualifier

Thinking about purchasing a home or condo?  Find out the facts about what you would qualify for and there may be city or county programs that grant you extra funds to purchase home.  One of the many lenders that our clients work with will contact you and answer your questions.

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