Blog Category: 5% down

stack of cash

Do You Have Your Own Cash Saved For A Down Payment?

There is a requirement on Conventional loans to have a certain amount of your down payment come from your own hard earned savings. Not only do you need a certain minimum down payment for different types of Conventional loans. You also need to make sure a certain amount comes from your own money, and not a gift. And not borrowed funds, unless they are secured against an asset like real estate or a stock account. Read More