{"id":717,"date":"2025-02-05T11:48:55","date_gmt":"2025-02-05T11:48:55","guid":{"rendered":"https:\/\/nysck.com\/DSCRMortgages.com\/?page_id=717"},"modified":"2025-02-20T09:42:19","modified_gmt":"2025-02-20T09:42:19","slug":"gift-funds-permitted","status":"publish","type":"page","link":"https:\/\/nysck.com\/DSCRMortgages.com\/gift-funds-permitted\/","title":{"rendered":"Gift Funds Permitted"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;rgba(38,31,72,0.7)&#8221; background_image=&#8221;https:\/\/nysck.com\/DSCRMortgages.com\/wp-content\/uploads\/2025\/01\/banner-01-Copy.jpg&#8221; background_blend=&#8221;overlay&#8221; custom_padding=&#8221;80px||80px||false|false&#8221; custom_padding_tablet=&#8221;80px||80px||false|false&#8221; custom_padding_phone=&#8221;40px||40px||false|false&#8221; locked=&#8221;off&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.21.0&#8243; _dynamic_attributes=&#8221;content&#8221; _module_preset=&#8221;default&#8221; text_font=&#8221;Plus Jakarta Sans|700|||||||&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;48px&#8221; text_line_height=&#8221;1.2em&#8221; text_orientation=&#8221;center&#8221; text_font_size_tablet=&#8221;30px&#8221; text_font_size_phone=&#8221;24px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; custom_padding_tablet=&#8221;||||false|false&#8221; custom_padding_phone=&#8221;||||false|false&#8221; locked=&#8221;off&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;2_3,1_3&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Plus Jakarta Sans||||||||&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.6em&#8221; text_orientation=&#8221;justified&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; locked=&#8221;off&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<ul>\n<li><strong style=\"color: #000;\">Loan Amounts:<\/strong> Up to $3.5 million.<\/li>\n<li><strong style=\"color: #000;\">Cash-Out Refinance:<\/strong> Up to 75% LTV.<\/li>\n<li><strong style=\"color: #000;\">No Ratio Option:<\/strong> Available for qualifying borrowers.<\/li>\n<li><strong style=\"color: #000;\">Credit Requirements:<\/strong> Minimum 620 FICO.<\/li>\n<li><strong style=\"color: #000;\">Minimum 620 FICO.:<\/strong> All property types are eligible.<\/li>\n<li><strong style=\"color: #000;\">Eligible Borrowers:<\/strong> Non-permanent resident aliens and foreign nationals welcome.<\/li>\n<li><strong style=\"color: #000;\">Funds to Close:<\/strong> Business funds, gift funds, or equity allowed (on a case-by-case basis).<\/li>\n<li><strong style=\"color: #000;\">Cash-Out Limits:<\/strong>\n<ul>\n<li>No limit up to 65% LTV.<\/li>\n<li>Maximum $1 million over 65% LTV.<\/li>\n<\/ul>\n<\/li>\n<li><strong style=\"color: #000;\">Licensing:<\/strong> Not required in 30+ states.<\/li>\n<li><strong style=\"color: #000;\">First-Time Buyers:<\/strong> First-time homebuyers and first-time investors are eligible<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Plus Jakarta Sans||||||||&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.6em&#8221; text_orientation=&#8221;justified&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; disabled_on=&#8221;on|on|on&#8221; disabled=&#8221;on&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry&#8217;s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.<\/p>\n<p>Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry&#8217;s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.<\/p>\n<p>Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry&#8217;s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. 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