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Updated over 14 years ago,

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2,082
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Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
1,043
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2,082
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How To Get Around 5% Down Payment Requirement?

Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
Posted

A friend of mine is buying a home with a city assisted mortgage program of some sort. They are requiring that she put 5% down and that she can't receive it as a gift or borrow it. Any other ideas?

Since her Mother WAS going to gift it I thought the best bet would be to put the Mother down as a co-signer and co-purchaser of the home. Any other ideas?

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