As lenders tighten mortgage guidelines for Indianapolis home buyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down.
Today, most conventional mortgages require at least 10 percent. Anecdotally, guideline changes have led to an increase in the number of home buyers accepting cash gifts from family.
Gifts are allowed in most cases but the problem is, if you don't accept the gift in a 'lender-friendly' way, the mortgage underwriter could reject it, and negate it. You can't just deposit a cash gift into your bank account. You have to follow a series of steps and keep records.
- Provide an acceptable gift letter signed by all parties
- Provide documentation of...
Washington Township Community Park in Avon offers a place for everyone to have fun or relax. With open green spaces for a game of frisbee or basking in the warmth of a summer afternoon.
Two picnic shelters provide ample space for up to 125 people to celebrate your life events or just get together. The smaller gazebo, which overlooks the creek, is the perfect place for a small wedding or intimate afternoon lunch with friends.
Bring the kids for a fun afternoon at the playground. Or for wintertime fun, try the sledding hill. Sportsenthusiasts will love the volleyball and basketball facilities along with over 5 miles of walking trails.
Paws Park is the first doggie park in Hendricks County and your furry friends will love this...