How much of a down payment can be a gift?

There is no limit.. But if less than 20%, you will need 5% of your own funds for conventional.. For all other products its' unlimited.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

On conventional, if you put 20% down, it all can be a gift. If its less then 20% down, then the borrower must provide 5% of their own funds. FHA can be all gift, no matter the LTV, but mortgage insurance is always required on FHA. (Unless 15yr, ,78% ltv, then you just have the ufmip, but no monthly)

As long as it is a family member of some kind there is no limit to a gift.

You can do a gift for the whole 20% down conventional.........If you are doing less than 20% down you would need at least 5% of your own funds for conventional. If you have 5% of your own funds I have some options for you that require no monthly MI as long as you put at least 5% down. I also have no closing cost options. No matter what the scenario is we can meet your needs.

No limit to the amount.

Like stated above, there is not limit on gift money. You will want to make sure to correctly document the gift money in order for it to be eligible by including a signed gift letter and a paper trail for the money.

Conventional with 20% down all can be gift. With less down, you will need at least 5% of your own funds. With FHA all can be gift and your only need 3.5%. Good luck, Dave Kosmecki 763-519-1100

There are actually programs where you can have the Mortgage Insurance Paid by the Lender (Lender Paid Mortgage Insurance). This can be possible with as little as 5% down payment, but it is subject to restrictions. I can help you directly in Maine or anywhere in the US. I am locally in Massachusetts! www.123LoanYes.com