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Sep 28, 2017 - 34 minute read

Best personal loan apr rates

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Best personal loan apr rates

FHAs required down payment is 3. 5 percent when purchasing a single family home, condo or duplex. If you are purchasing a multi-family building, FHA requires at least five percent down. Gifts. FHA is fairly flexible with gifts for down payments and closing costs. They are, however, very strict best personal loan apr rates the source of the gift funds. Under no circumstance may the gift funds come from any one person involved in the sale or purchase of your future home.

Acceptable sources for gifts: Relatives Employer Close family friend Agency sponsored homeowner assistance programs. FHA is very specific about the source of the gift funds so be sure and discuss the details with your mortgage professional.

Best personal loan apr rates

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Best personal loan apr rates
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