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John Palumbo headshot

John Palumbo

Team Lead Loan Officer
Movement Mortgage
NMLS ID # 169369

Mortgage Sense

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October 9, 2020

How to use gift money for your mortgage down payment

When you want to buy a new home but don’t have money for a down payment, there are options. Learn how to use gift funds for your mortgage down payment.

John Palumbo headshot
John Palumbo
Team Lead Loan Officer
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231 Union Blvd, First Floor, Totowa, NJ 07512
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NMLS # 169369

State License #AL-86049, AZ-1033396, CA-DBO169369, CO-100535396, CT-LO-169369, DE-MLO-169369, FL-LO84, GA-169369, IA-52580, IN-58975, KY-MC829598, MA-MLO169369, ME, MD-169369, MI-169369, MO-169369, NH, NJ-9941589, NY Licensed Mortgage Banker-NYS Department of Financial Services, NC-l-205970, OH-MLO-OH.169369, PA-26661, SC-MLO-169369, TN-169369, TX, VT-MLO-169369, VA-MLO-62051VA, WV- LO-169369, KS-LO.0054669