If you do not qualify for a USDA Home Loan in NC, there are other options! Are you a Veteran? Those loans are 100% loans too!
NO? Well, don’t worry! FHA allows you to purchase and get a GIFT from your family and friends! That’s right! You could get a gift for the downpayment, and have the lender and the seller pay the other costs.
If you are getting married, they will accept a registry that shows the person’s name, and the amount of the gift! So Uncle Barry could give you $25, Aunt Mary could give you $100, and so on – as long as you have the Bridal Registry! If you need a registry for your guests, call us at 919-649-5058.
Don’t have a wedding coming up? Well, you can still get a gift, or a series of gifts. You could also do what a friends did (I’m not recommending this)… they borrowed the money on their credit card, put it in the bank… and left it there for 90 days prior to writing a contract! That’s right, the money needs to be in your bank for 90 days before we verify your funds.
About Eleanor
Very useful info..thanks for sharing! kisses