Down Payments

11/30/2020

  • Cash in a bank account
  • Mutual funds / stocks / IRA / 401K
  • Proceeds from the sale of another property
  • Gift from an immediate relative
  • Liquidation of any asset
  • Borrow against an asset (401K)

If you are receiving a gift for the down payment, you will need to provide a gift letter, and we’ll need to verify the source, transfer and receipt of the gift funds.

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