What qualifies as a down payment?

A down payment may come from several forms:

• Gift from a family member
• Borrow from your qualifying 401k, if allowed
• Gift of equity in the home you are buying
• Secured borrowed funds, such as a secured personal loan or equity from a vehicle
• Funds from your own personal savings account

Please reach out to your Mortgage Loan Officer if you have questions on the source of your down payment.