sangfnsgfsd
Categories: Brett's Mortgage Blog

Gift On Conventional Loans…

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

That’s it for today!

Have a good day! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here.

Get A Rate Quote Here.

Need A Mortgage Calculator?

My Previous Blog Posts

 

Brett Sampson

Recent Posts

Here’s A Cool Calculator That Can Help You Decide If It’s The Right Time To Buy A House…

If you are thinking about buying a house, but you aren’t really sure if it’s…

1 day ago

Maximum Amount The Seller Can Help You By Loan Program…

Here is a breakdown of the maximum seller help amounts by loan program… Program: Conventional…

3 days ago

Two Ways To Help Pay Your Property Taxes…

Your property tax bill usually comes out in late November, or early December. There are…

1 week ago

How To Buy Rental Property Without Proving Income…

If you want to acquire rental properties, but you are having issues proving your income…

1 week ago

How To Get A Loan With Foster Care Income…

If you receive money from the State or a County sponsored organization for providing foster…

2 weeks ago

Who Can And Can’t Give A Gift On FHA Loans…

FHA gift questions come up often. I wanted to give you the rules on FHA…

2 weeks ago