New 5% Gift Down Payment Program for Conventional Mortgage
Introducing New 5% Gift Down Payment Program from our lender partner. Entire 5% down payment can be gifted by another person. For example, family members can give down payment for your new home with conventional loan.
Academy’s expanded requirements take the stress out of using gift funds to purchase a new home. Gifts/grants are now allowed to be considered part of the borrower’s own funds.
- Entire 5% down payment can be gifted by another person
- Private mortgage insurance is required, yet premiums are lower than on a comparable FHA loan
- Seller or lender credits for closing costs are allowed
- Gifts of equity are allowed
Swee Ng, Realtor and Gilbert resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.
If you are looking to buy or sell your home in Phoenix AZ area, we hope you will consider us.
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