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Down Payment question

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RABQUE
Regular Contributor

Down Payment question

I am going to receive $5,000 in down payment assistance from one of the local programs and I plan to save about 2500 more over the next month or two however I wanted to get preapproved as soon as possible….My question is..

 

When you apply for a home loan pre-approval, do they require you to have all of the down payment money available at that time?

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1 REPLY 1
DallasLoanGuy
Super Contributor

Re: Down Payment question

You can get preapproved subject to cash to close.... I do this all of the time.

 

Retired Lender
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