Are you Selling a Home to a Family Member ?
Are you Selling the Home at less than it's market value ?
We have the mortgage program to meet your needs.
Even if your family member:
Has No Down Payment
Has No money for Closing Costs
Our Gift of Equity is your Mortgage Solution !
Our Free Application takes less than a minute !
For most loan programs, a gift of equity from a family member may be used for a portion or all of the required down payment. If this is an option open to you, please let us know. We can help you determine which loan programs accept gift funds for down payments. We will also supply the 'gift of equity letter' that the person giving the gift is required to sign. The gift letter states that the funds are a gift and will not be paid back.
The right gift of equity loan program has numerous the tax benefits for the buyer.
Call today to chat with a Gift of Equity Mortgage Specialist.
Applying for a Gift of Equity Mortgage is quick, easy and free.
| The Mortgage Solution Directory has a unique Gift Of Equity program that allows you to purchase your home from a family member without any down payment. A Gift of Equity Loan allows you to use the difference between the market value (sales price) and the amount you are actually paying for the property as the down payment. This is called the Gift of Equity. After we process your application, and assuming you are qualified, we will issue a Gift of Equity Letter and this letter is essentially the Gift of Equity and allows you to obtain the Gift of Equity Loan. Apply online or call one of our loan specialists at our 24 hour loan center and ask for a Gift of Equity loan specialist. |