Down Payment Requirements

Most loan mortgage products require clients to have 3-5% of their own personal funds documented and available as the minimum down payment on the property. The actual percentage varies by the product your client is approved for.

In order to put additional funds towards a down payment, the funds will need to be properly documented from one of the following sources:

  • Gifts
  • Gifts of Equity
  • Rent Credits
  • Trade Equity
  • Grants
  • Employer Assistance