5% Gift Down Payment Program

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New 5% Gift Down Payment Program for Conventional Mortgage

Posted on August 2, 2014
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

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Swee Ng

Keller Williams Realty

sweeng@kw.com

15905 S 46th St #160

Phoenix , AZ , 85048

480-721-6253

Swee Ng, Realtor with Keller Williams Realty, specialize in Residential Resale, First Time Home Buyer and Investment Homes.
Call 480.721.6253 today for complimentary consultation. Buyer's Representation Services (NO COST TO HOMEBUYERS)

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