Tag: down payment

Using Gift Funds for your Down Payment

Using Gift Funds for your Down Payment Not everyone has thousands of dollars lying around for a down payment when they are in the market to purchase a home, so receiving a gift can be a great option!  Here’s what you need to know, if you’re lucky enough to receive a down payment gift. There… Read more »

Obama Increasing Down Payment Required for a Mortgage

Thousands of people agree that the down payment for buying a home should be increased.  Today, if you are in the market to purchase a home you may not even need a down payment if you are able to qualify for a USDA Rural Housing Mortgage or VA Loan.  Most other qualified borrowers have the… Read more »