As long as the source of the funds is documented, most mortgage loans allow monetary gifts to be used toward cash to close. In fact, according to a housing trends report in 2017, 20% of buyers used a gift or loan from family or friends. Certainly not an uncommon thing to do. There are also other sources that can offer financial aid. Non-profits, company-sponsored home buying programs, just to name a few. Buying a home the right way requires some forethought… what’s referred to as mortgage planning. Plan for the future… We can help…show you the money!…to buy a house.
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.