HomeBridge has enhanced the delayed financing guidelines on the Agency Conforming and High Balance programs to allow transactions where gift funds were used to purchase the property.
Gift funds may not be reimbursed with the proceeds from the new loan. All other delayed financing requirements must be met.
As a reminder gift funds are not eligible on investment transactions, therefore this enhancement only applies to owner-occupied and second home transactions.
The Agency Conforming and Agency High Balance matrices have been updated and posted on the HomeBridge website at www.homebridgewholesale.com.
If you have any questions, please contact your Account Executive.