Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

416
Posts
188
Votes
Mike Schorah
  • Rental Property Investor
188
Votes |
416
Posts

What percent of lenders would allow borrowed funds for a borrowers down payment?

Mike Schorah
  • Rental Property Investor
Posted

I was reading that it’s not exclusively forbidden.

Specifically referring to Pace Morby’s Gator Lending, for a sub to deal for instance

Most Popular Reply

User Stats

698
Posts
392
Votes
John O'Leary
  • Lender
  • Winter Park, FL
392
Votes |
698
Posts
John O'Leary
  • Lender
  • Winter Park, FL
Replied

Hey @Mike Schorah,

It depends on the type of financing you're looking for. If you are using Hard Money for a bridge loan, or a DSCR product gifted funds are ok. You might need to source a large deposit (over $10K) with an LOE, but funds can be gifted.

  • John O'Leary
  • [email protected]
  • 800-663-4122
  • Loading replies...