Can a realtor contribute towards downpayment?
If so, what kind of documentation is needed for the ledner? by tim.brock718 from Olympia, Washington. Aug 16th 2014
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Absolutely 100% NO... The real estate agent can NOT contribute any part of your down payment. The seller also can not contribute to your down payment.
Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions
In the vast majority of loans, a realtor can contribute to closing costs only, and not towards the down payment.
Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions
No, the Realtor cannot contribute to your down payment.
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