Can I use my car toward down payment on a home?

Posted on Sep 22, 2024 in Stated Income Loans

no down payment home loans
by bill barber

Question by Shiloh: Can I use my car toward down payment on a home?
I have a few thousand left that I need for my down payment on a home loan. My car is paid off and is worth more than what I even need. Will a lender use my car’s value toward the down payment if I let them put a lien on it.

Best answer:

Answer by Quick Answers
No. They’d expect you to sell it and use the cash.

Know better? Leave your own answer in the comments!

One Comment

  1. LOL heck NO.
    if u need the down = sell the car.
    buy a cash car and use the leftover
    of down payment.

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