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Real Estate Mortgage Loan Information
Down Payment Loans and Gifts - Down Payment Loans and Gifts
Loans and gifts can help with your down payment but you can not use this strategy for all loan programs. The most popular program for this tactic is the Federal Housing Administration or FHA. FHA allows 100% gift funds for your down payment. The gift can be from any relative or can be collected through new innovative programs, like the Bridal Registry where couples receive money into an account that can be used for the down payment.
Another popular tactic, which can be used in a wider range of programs, is to borrow from your 401K program. If you have a 401K program with your employer, you can withdraw without a penalty for your down payment and pay it back over a specified period. There are some drawbacks, the payment will be used in qualifying and your 401K account will not continue to grow as fast. Even with these drawbacks, it is often a smart move if this is your only option.
Gift programs are available to first-time homebuyers, low- and moderate-income individuals and families who wish to achieve homeownership.
Reba Davis, Loan Consultant
Imperial Financial Lending
1249 Diamond Bar Bl. #339
Diamond Bar, CA 91765
Contact me today at: 1-888-228-0494
Email: reba4loans@verizon.net
For Online Application - Visit us at:
Home Loan Center
Se Habla Espanol
Specializing in the following Southern California Cities:
Serving cities of: Alhambra, Anaheim, Arcadia, Beverly Hills, Brea, Buena Park, Burbank, Canoga Park, Canyon Country, Carlsbad, Cathedral City, Chatsworth, Chino Hills, Citrus Heights, City of Industry, Compton, Corona, Corona del Mar, Costa Mesa, Covina, Culver City, Downey, El Monte, Encino, Escondido, Fontana, Fullerton, Garden Grove, Gardena, Glendale, Hemet, Huntington Beach, Indio, Inglewood, Irvine, La Habra, La Jolla, La Mesa, La Mirada, La Puente, Laguna Beach, Lake Elsinore, Lakewood, Lancaster, Loma Linda, Long Beach, Los Angeles, Mission Viejo, Monterey Park, Moreno Valley, Newport Beach, North Hollywood, Northridge, Norwalk, Oceanside, Ontario, Orange, Oxnard, Palm Desert, Palm Springs, Palmdale, Pasadena, Perris, Pico Rivera, Pomona, Rancho Cucamonga, Redlands, Riverside, San Bernardino, San Bruno, San Clemente, San Diego, San Gabriel, San Pedro, Santa Ana, Santa Clarita, Sun Thousand Oaks, Torrance, Tustin, Upland, Van Nuys, Ventura, Victorville, Walnut, West Covina, Westlake Village, Westminster, Whittier, Woodland Hills, Yorba Linda - morgage, home loans, 100% financing, bad credit home loans, no credit home loans, california home loans, california home financing, subprime loans, home loans,home loans, home financing,home financing, home financing, difficult home loans, difficult home financing, property search, free loan consultation, loan consultation, new home listings purchases,search homes for sale, new mortgages, mortgage loans, jumbo home loans, jumbo loan financing, spanish home loans, creative finance
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is not a commitment to lend. Restrictions may apply. Information
is subject to change without notice. All loans are subject
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