25 February 2012

Where Can You Get Down Payment Sources?

Where can FHA Buyers get their down payment for the purchase of a new home?

  1. Tax Return Money
  2. Gifts
  3. Cash Value Life Insurance
  4. Wedding Money
  5. Cash Value Life Insurance
  6. 401K/403b/IRA/Roth IRA, or tax-deferred accounts w/ cash out borrowing.
  7. Down Payment Assistance Programs, OHFA or Local County Assistance Programs.
  8. Employer Assistance Programs
  9. Churches or other Non-Profit groups.
  10. Home Equity Lines of Credit from Parents, Grandparents, etc.
  11. Sale of personal property - cars, boats, collectibles, etc.
Thanks to Robert Underwood - robertunderwood@howardhanna.com for these tips. Give him a call for current programs, rates and tips and tell him the "Hisey Group" sent you!

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