Saving to buy
a home can be a difficult task. For many
potential home buyers saving enough money
for a down payment and closing costs may
take years relegating them to renting instead
of owning a home. You can use Gift funds
for both first time and repeat homebuyers
on an FHA mortgage in Northbrook, Illinois:
● Gift funds up to 6% of the final contract
sales towards your down payment and/or closing
costs
● Gift funds for both new construction and
resale homes
● No repayment of gift money
● No income or asset limits
● No geographical restrictions
To view additional FHA loans requirements visit our FHA Loan page on our website.