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Categories: Brett's Mortgage Blog

Gift On Conventional Loans…

You’ve always been able to use gift funds for the down payment on an FHA loan.

However, did you know you can also use gift funds on a Conventional loan?

Here are some of the details on this program…

– “All gift” down payment allowed from acceptable gift donor (family usually)
– Seller contributions allowed
– Credit scores as low as 620
– Loan amounts as high as $625,000
– DU Approve/Eligible required

That’s it for today!

Have a good day! …and thanks for reading.

Brett

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Brett Sampson

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