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Non gift money for a mortgage-multiple owners

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Guest	Posted: Mon Feb 21, 2011 7:08 am    Post subject: Non gift money for a mortgage-multiple owners Like 0 Dislike 0 Can a friend place 20% down on a new construction house- not a gift- and be placed on the deed/title as an owner? The remaining 80% would be a conventional loan solely in my name? Thanks
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Mon Feb 21, 2011 1:26 pm    Post subject: Nongift Like 0 Dislike 0 Don't see why not. Any owner can provide down payment money. All owners do not have to be on the mortgage. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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