Gift Funds OK for 95% conventional Loans

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Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035
https://activerain.com/droplet/4vs4

Gift Funds OK for 95% conventional Loans

We now offer 95% conventional loans (5% down) up to $417K with the entire downpayment being gift funds. 

Recent PMI company changes make this possible, as Fannie Mae and Freddie Mac lifted their Gift Fund resctrictions last year.   The gift funds do have to be sourced,  be from an immediate family member, and be documented.  We can help guide you in the process to make sure this is handled correctly. 

We allow gift funds for 5% Down Conventional Loans  on Single Family Residences and Condominiums up to $417K. 

We offer this program in all of our states,  CA, GA, IN, MA, MI, VA, WA, and WY as a Direct Lender.

Give us a call today to get started.   866-900-2342 toll free direct. 

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Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
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