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.

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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.