Conventional Loan Down Payment Gift Requirements: What You Need To Know
There are now more ways than ever to receive gift money for your conventional loan down payment.
Tim Lucas spent 11 years in the mortgage industry and now leverages that real-world knowledge to give consumers reliable, actionable advice. Tim has been featured in national publications such as Time, U.S. News, MSN, The Mortgage Reports, My Mortgage Insider, and more.
There are now more ways than ever to receive gift money for your conventional loan down payment.
You can have up to 10 conventional loans, but here are exceptions and rules you need to know.
Some non-taxable income can be increased by 15-25% or more. Find out if this little-known mortgage rule can help you.
We take a look at features and benefits of both conventional and USDA loans to help you decide which one might work better for you.
Our research indicates that FHA loan limits could increase in 2024, but it's still too early to make a final determination.
Offering to let a buyer assume your loan can get you top dollar for your home. Options for sellers and buyers if the home has a non-assumable conventional loan.
Choosing between a conventional loan and a jumbo loan isn’t as hard as you might think. Examine a few key aspects of your scenario to make it a straightforward decision.
If your loan application doesn't quite fit the mold, human intervention might flip it from denied to approved.