Jumbo lenders now days typically have restrictions on the amount of gift funds that can be used for down-payment. Some do not allow gift funds, some will allow mostly gift funds, and very few (in fact none other than us that I’ve seen) will allow all gift funds.
Most Jumbo investors want the borrower to have at least some investment in the home. This is not the case with our Jumbo Prime Non-QM program. We allow 100% of the Jumbo loan down-payment to be a gift, no matter what the loan amount (over $4 million is case by case).
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