Lenders expect borrowers to come up with sufficient cash for the down payment and other fees payable by the borrower at the time of funding the loan. Generally, down payment requirements are made with funds the borrowers have saved. If a borrower does not have the required down payment they may receive “gift funds” from an acceptable donor with a signed letter stating that the gifted funds do not have to be paid back.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 219462
Licensed Mortgage Broker with
NJ Department of Banking and Insurance
and
PA Department of Banking and Securities
www.nmlsconsumeraccess.org
Xpress Financial Mortgage Corp.
dba Xpress Lending
4270 Route 1 North
Monmouth Junction, New Jersey 08852
Phone: (732) 951-0808
anil@xpresslending.com
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