Delayed Funding Mortgage

Delayed Funding Mortgage: A loan for buyers who paid cash for a property and want to take out a mortgage shortly after the purchase to reimburse themselves.

Mortgage must be obtained within 6 months of purchasing the home.
Borrower must show proof that home was purchased for cash.
Must be able to prove source of initial funds required to purchase home.
The purchase must have been at-arms-length.
Funds provided by a third party must be supported by a gift letter in which no repayment is required.
Donor cannot be repaid with delayed funding proceeds
Free of liens.

Fill out the questionnaire on this page to start a discussion about your mortgage needs today!