Myth Buster of the week: You need your own savings to buy a home. Not true! Both FHA and FNMA allow for an all gift down payment. FNMA allows 5% up to $417,000. FHA allows it all the way to the max $625,500 (even on duplexes, however not on 3 and 4 units). So if your client has a generous relative, they are ready to go.

Special Announcement Just for Investors:  Did you hear the news? We have a new investor-partner who has created a REIT for investor’s only! Click here for the full story or contact me today!