Answer: [tweet-start]For down payment purposes, Fannie Mae states that the funds must come from a person’s own funds, a gift or funds secured by an asset.[tweet-end] Only “borrowed funds secured by an asset” can be used. Not personal unsecured loans. Reference: B3-4.3-17, Personal Unsecured Loans (09/20/2010) Introduction This topic contains information on personal unsecured loans. […]

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