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Topics: mortgage preapproval down payment home ownership FHA Loans On Time Closing Home Loans Low Down Payment Mortgage Loans
The National Association of Realtors reports that in 2015, roughly 14 percent of all home buyers used a financial gift from a relative or friend for the down payment on their home. Of those who did this, a majority were under age of 34 and most often first-time home buyers.
Topics: down payment gift money