Gift of Equity

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  • #39447

    Hello,

    Does anyone know if you can use the gift of equity to buy down the interest rate?

    #39452
    TTrumble
    Member

    Hello Searching4Homes,

    All funds used for buy down must be cash that is documented in a bank account. Equity cannot be used for buy down.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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