Do you have enough money to qualify for the mortgage loan, pay for the down payment and closing costs and have enough money left over for reserves? The minimum amount required for the down payment and whether any portion may be gifted depends on a number of factors including the loan amount, the loan product, the property type and the occupancy status.
Contact us today and we will help you figure out how much money you will need to save to qualify for the mortgage and cover the closing costs.