Where Can You Get Your Down Payment?

Your IRA. Some IRAs allow you to use the money in your IRA as a down payment without a penalty. Ask your CPA to be sure. DO NOT USE YOUR CREDIT CARD!

Your stocks. Sell your stocks, and you can use that money for a down payment. Ask your stock broker how long it will take to get the money from your stocks to be sure you have it by closing.

Mom & Dad. Some loans allow you to have a gift letter from mom & dad. Ask your lender if that applies to you. Life Insurance Policy. If you have a whole life insurance policy, you can borrow against that.

Selling another house. The lender will want your closing statement from the house you are selling in order to close on the house you are buying.