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Gilroy Mortgage - Down Payment Loans and Gifts

Loans and gifts can help with your down payment but you can not use this strategy for all loan programs. The most popular program for this tactic is the Federal Housing Administration or FHA. FHA allows 100% gift funds for your down payment. The gift can be from any relative or can be collected through new innovative programs, like the Bridal Registry where couples receive money into an account that can be used for the down payment.

Another popular tactic, which can be used in a wider range of programs, is to borrow from your 401K program. If you have a 401K program with your employer, you can withdraw without a penalty for your down payment and pay it back over a specified period. There are some drawbacks, the payment will be used in qualifying and your 401K account will not continue to grow as fast. Even with these drawbacks, it is often a smart move if this is your only option.

Refinance Once then Again Down Payment Loans and Gifts
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Additional Gilroy Refinance Information


santa clara county

campbell cupertino gilroy los altos los altos hills
milpitas morgan hill palo alto san martin mountain view
santa clara saratoga stanford sunnyvale los gatos mtns
los gatos san jose monte sereno blossom valley west san jose
cambrian evergreen east valley almaden valley central san jose
santa teresa willow glen north valley south san jose

san mateo county

atherton belmont brisbane burlingame daly city
colma hillsborough foster city el granada east palo alto
la honda loma mar menlo park millbrae half moon bay
montara moss beach pacifica pescadoro portola valley
san bruno san carlos san gregorio san mateo redwood shores
woodside redwood city south san francisco

santa cruz county

capitola scotts valley soquel watsonville bonny doon
davenport north coast freedom corralitos la selva beach
aptos rio del mar seacliff ben lomond san lorenzo valley
brookdale boulder creek felton live oak lompico-zayante
santa cruz

monterey county

carmel carmel valley del ray oaks fort ord marina
monterey pacific grove pebble beach salinas seaside
aromas castroville carmel highlands prunedale big sur
spreckles toro park corral de tierra chualar gonzales
greenfield king city soledad

san benito county

hollister tres pinos dunneville paicines new idria
san juan bautista

san francisco county

north beach nob hill excelsior bayview inner mission
lakeshore noe valley pacific heights richmond presidio
parkside sunset diamond heights

alameda county

alameda albany berkeley dublin castro valley
emeryville fremont hayward livermore newark
oakland piedmont pleasanton san leandro san lorenzo
sunol union city

contra costa county

alamo antioch bay point bethel island byron
knightsen blackhawk brentwood clayton concord
clyde crockett port costa danville diablo
discovery bay el cerrito el sobrante hercules lafayette
martinez pacheco moraga oakley orinda
pinole pittsburg richmond pleasant hill rodeo
rossmoor san pablo san ramon walnut creek
 
 
California Mortgage | Gilroy 650.377.0222 | License # 01344525
777 Mariners Island Blvd. Suite 125, San Mateo, CA 94404
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Additional Gilroy Information:
When people think Gilroy, they think garlic. But what they should think of is a peaceful tree-lined residential town with an old town feel. Centrally located, Gilroy offers access to Monterey Bay, Santa Cruz, the San Joaquin Valley, and the San Francisco Bay Area. It is located at the intersection of US Highway 101 and California Highway 152. Gilroy residents enjoy hot summer and moderate winter temperatures and mostly avoid the pesky coastal fog. Historically, Gilroy’s economy has been based on the blossoming agriculture of the surrounding area and some government office and retail outlets. There are twelve different parks in Gilroy including Christmas Hill Park, site of the annual Gilroy Garlic Festival. The parks give Gilroy residents an outlet to exercise or relax, whichever they prefer. The city’s 13 public schools are high-performing and provide every pupil with individual attention. Gilroy is an all-around charming community that gives you that warm and fuzzy feeling inside. The people are generous, friendly and down-to-earth. Come have a visit and you’ll know what we’re talking about.