Microsoft Word - SONYMA CREDIT AND PROPERTY 10-15 …

Mortgagors must contribute a minimum of 1% (for 1 – 2 Family homes, condominiums, PUDs, double‐wide manufactured homes) or 3% (for 3 – 4 Family Homes and Cooperatives) of the purchase price from their own funds into the transaction. (Unless the borrower has received a gift which results in a LTV of 80% or less). ................
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