Buying
Borrowed down payment mortgages with Team Active Mortgage
Some lenders accept a down payment that comes from a line of credit, personal loan or credit card, as long as the new payment still fits your debt ratios. It isn't right for everyone, so our brokers help you weigh the cost against the benefit of buying sooner.
Who this is for
- Buyers with strong income but limited savings
- People who expect savings or a bonus soon after closing
- Buyers comparing renting longer versus buying now
How our brokers help
- Check whether the extra monthly payment still fits lender guidelines
- Identify lenders and insurers that accept borrowed funds
- Show the total cost so you can decide with clear numbers
Common questions
Is a borrowed down payment allowed?
Some lenders and mortgage insurers allow it with conditions. Your broker will check which options fit your situation.
Will it affect how much I can borrow?
Yes. The payment on the borrowed funds counts as debt, which can lower the mortgage amount you qualify for.
Is it a good idea?
It depends on your budget and plans. We'll show you the numbers both ways; the decision is always yours.
Related services
Ready to talk it through?
Book a no-obligation call or start a short pre-application.