An important part of the mortgage approval process is verifying the sources of your down payment and closing cost funds. Banks use this information to make sure your down payment is not borrowed, unless from your 401k. You can receive a portion of your down payment and closing costs from a family member, but some mortgage programs require a minimum borrower contribution. Following is a brief list of acceptable sources of mortgage down payment funds.
Using our online loan application, you can take your time and complete your application whenever it's convenient for you. And, you can always save your work and come back and complete it later if you need to.Online Loan Application Tutorial ~ Online Loan Application Arizona Central Mortgage
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