CHM Blog

100% Gift of down payment on Fannie Mae low down payment

August 14th, 2013 8:42 AM by Richard Sardella MLO.100007700/NMLS 233568

CHM and our mortgage insurance partner will now allow a buyer's minimum 5% down payment beginning in January 2014 to be obtained from an eligible gift.  This will provide buyers a conventional mortgage insurance option to FHA allowing many buyers the flexibility of a lower down payment with less expensive mortgage insurance costs.

Posted in:General
Posted by Richard Sardella MLO.100007700/NMLS 233568 on August 14th, 2013 8:42 AM

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