Good Morning!
Did you realize that we allow gifts on non government insured loans (including jumbos!) up to 85% Combined Loan To Value Ratios?
Many people don't realize that this is possible. You can actually get a gift for the down payment on loan amounts above the conforming limits ($417,000). ...This is true up to $800,000 for this program.
Remember, the max combined loan to value ratio for these loans caps out at 85%.
...Oh, I'm coming out with a new program next week that will help you reduce your out of pocket cash the next time you purchase a home. ...Be on the lookout for it!
That's it for today!
Thanks for reading and have a great day!
Brett